At the time of sale, North West Rubber (“NWR”) was a leading manufacturer and distributor of recycled and virgin rubber matting products. Founded in 1968 and based in Abbotsford, BC, NWR’s products are sold throughout North America into a variety of end markets including the farm, consumer, athletic facility, and industrial channels.
NWR is led by Leighton Friesen, President & CEO, who has served in this role since 2007. The sale of NWR to TorQuest Partners is a very successful conclusion to Krystal’s 9-year partnership with Leighton and the NWR management team. During that time, the company grew rapidly hitting several exciting milestones, including automation of its Brantford, ON facility, investing in a tire-recycling joint venture, opening a new facility in Houston which added significant manufacturing capacity, expanding 3PL and DTC channels, and launching new product lines and e-commerce platforms. Over the term of our investment, the business grew by a CAGR of approximately 20%.
INVESTMENT SNAP SHOT
On behalf of Storm Guard Water Treatment’s Board of Directors, we are pleased to announce the appointment of Mike Barr to the position of President and CEO. Mike Barr is…READ MORE
Krystal Growth Partners ("Krystal") is pleased to announce that it has completed the acquisition of Huer Foods Inc. ("Huer" or the "Company"), a leading packager and distributor of soft &…READ MORE