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Nitrex Acquires G-M Enterprises to strengthen products portfolio

MONTREAL, Jan. 9, 2020 /CNW Telbec/ -A On January 8, 2020, Nitrex, a portfolio company of Novacap and a global leading provider of fully integrated heat-treating solutions and technologies, acquired G-M Enterprises, an American based company selling internationally, specialized provider of vacuum furnaces headquartered in Corona, California.
Nitrex Acquires G-M Enterprises to strengthen products portfolio
The acquisition is in line with Nitrex's strategy to further expand its integrated heat treatment solutions offering to its customer base while strengthening its products portfolio. For the past 30 years, G-M Enterprises has earned the reputation of a leading supplier of vacuum furnaces solving challenges for its customers in the aerospace, power generation, energy and commercial heat-treating industries. G-M Enterprises represents a great fit for Nitrex, as both share the same goal of providing technologies that improve customer workflow and efficiency while maximizing the life span and quality of engineered parts and components. "This acquisition will allow Nitrex to bolster its turnkey solutions business by bringing a new, innovative and broader mix of heat treatment systems to our customers," said Jean-Francois Cloutier, Nitrex CEO."G-M Enterprises is a leader in the vacuum furnaces market. The company has an outstanding growth opportunity and under Nitrex, we will build on that potential even further, using our global customer base and service footprint. We also look forward to welcoming the entire G-M Enterprises' team into the Nitrex family," continued Jean-Francois Cloutier.
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