Walter Surface Technologies acquires Quebec-based Aerochem
March 4, 2020 by Manufacturing AUTOMATION
Walter Surface Technologies has announced its second acquisition in a week, this time of Aerochem, a Quebec-based provider of industrial MRO solutions.
Through this acquisition, Walter, which provides tools for the metalworking industry, is expanding its offering of chemical solutions to provide more chemical solutions to help its users optimize their industrial operations.
“We are very excited to welcome Aerochem to the Walter family. Their team brings a solid network and expertise that will allow us to continue our mission to help our customers work better,” said Marc-André Aubé, CEO of Walter, in a release. “We simply love their products. We see this opportunity as a breeding ground for further R&D innovations in our chemical product offering.”
Michel Caron, president of Aerochem, says he is equally excited to work with the Walter team: “We saw in this opportunity the perfect alignment of both products and values. Aerochem brings to Walter its industry expertise and experience manufacturing, as well as a wide variety of products to complement Walter’s chemical offering.”
Following this transaction, Aerochem will continue to operate under its own brand. The transaction is effective immediately, and activities for both customers and suppliers remain unchanged.
Founded in 1952, the Montreal-based Walter Surface Technologies is established in seven countries throughout North America.