Franklin Empire to acquire Ontor’s ISD Division
January 9, 2013 by Manufacturing AUTOMATION
Franklin Empire Inc. and Ontor Limited have entered into an agreement of purchase and sale where Franklin Empire will acquire Ontor’s ISD Division (Industrial Systems Division).
Ontor’s ISD division is a national supplier of automation and industrial controls, motion, drives and machine safety products with sales locations in Toronto, Mississauga, Ont., Burlington, Ont., Kitchener, Ont., Montreal, Quebec City and Calgary.
In conjunction with this acquisition, Franklin Empire will become the Siemens EID (Exclusive Industrial Distributor) for The GTA, Mississauga/Brampton and Oakville/Hamilton/Niagara. Franklin Empire is already the Siemens EID for Southwestern Ontario, Ottawa and the province of Quebec. The addition of Central Ontario fits their growth strategy for the industrial market.
Franklin Empire and Ontor both have rich family histories dating to the 1940s. The companies said in a statement that the acquisition is an excellent fit for two family operated businesses. The remaining Ontor divisions, HVAC and Romark are not a part of this acquisition and will continue under Ontor Ltd. The sale is expected to close on Jan. 17 and all of Ontor’s ISD staff and inventory will merge into Franklin Empire’s nearest locations soon after.