Krystal has completed the purchase of 45% of Fraser Valley Building Supplies Inc. and a growth capital investment for a 25% ownership position in North West Rubber Products Ltd.
In December, Krystal Financial and Paul Clinton purchased a 45% ownership stake in Fraser Valley Building Supplies Inc. (“FVBS”). Co-founder Dave Nick remains a shareholder and COO Dirk Weymann also became a shareholder. Through focused customer service, advanced merchandising techniques and strong relationships with Ace Hardware and Tim-Br Mart, FVBS has established itself as one of the top-tier providers of hardware and building supplies in the Lower Mainland to both retail consumers and contractor builders. We anticipate working with FVBS to leverage its strong builder community and Ace Hardware relationships to open additional facilities. Find out more about FVBS at www.buildingsupplies.ca.
In January, Krystal Financial and Paul Clinton made a growth capital investment for a 25% interest in North West Rubber Ltd. (“NWR”). Founded over 40 years ago and today operating with manufacturing facilities in Abbotsford (BC), Branford (Ontario) and Beijing (China), NWR is a leader in the production of rubber flooring and other recycled rubber products. NWR has experienced significant expansion in its business over the last few years and we will be working with them to support their continued growth. Find out more about NWR at www.northwestrubber.com.