Konstant Acquires Cosme's Business Assets
Deal News | Nov 27, 2024 | Globenewswire
The Econo-Rack Group (2015) Inc., operating as Konstant, has acquired the business assets of the handling and equipment systems organization company, Cosme Inc. This acquisition, announced in Oakville, Ontario on November 27, 2024, aims to strengthen Konstant's position as a comprehensive supplier of storage and racking solutions in Canada. By acquiring Cosme, known for its high-quality storage solutions since 1987, Konstant gains increased production capability and versatility to meet rising customer demands. Cosme's structural expertise and 72,000 square foot facility in LaSalle, Quebec complement Konstant's ambitions to enhance storage solutions across various industries, from food and beverage distribution to heavy-duty industrial warehousing. Randy Wronzberg, President and CEO of Konstant, expressed satisfaction with the strengthened manufacturing presence in Quebec and the enhanced product offerings this acquisition brings to current and future clients.
Sectors
- Storage Solutions
- Manufacturing
Geography
- Canada – Both Konstant and Cosme are Canadian companies, with the acquisition taking place to strengthen their position within the Canadian market.
- Quebec – Cosme's facility in LaSalle, Quebec, underscores the geographical significance of this region in the acquisition.
- Ontario – Konstant is based in Ontario, where the acquisition was announced.
Industry
- Storage Solutions – The article discusses the acquisition of business assets related to storage and racking solutions, emphasizing the expansion of capabilities and offerings in this industry.
- Manufacturing – Konstant's manufacturing presence is expanded through the acquisition of Cosme's facility, which plays a significant role in the production capacity enhancement discussed in the article.
Financials
- Not disclosed – The financial terms of the acquisition between Konstant and Cosme were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Konstant | Acquirer | Company | A leading Canadian manufacturer and distributor of storage and handling products. |
| Cosme Inc. | Target | Company | A company known for high-quality storage solutions, including reverse gravity pallet racks, cantilever racks, and mezzanine platforms. |
| G.N. Johnston Equipment Co. Ltd. | Parent Company | Company | Konstant's parent company. |
| Randy Wronzberg | President and CEO | Person | President and CEO of Konstant, driving the strategic acquisition. |