ORIGINAL ARTICLE, newswire.ca, October 14, 2021
- Fero International Inc. to acquire AVL Manufacturing Inc., an established turnkey manufacturer with expertise in engineering, design, development and assembly of modular enclosures serving multiple customers and sectors throughout North America
- Combining Fero’s innovative technology and modular solutions with AVL’s engineering expertise and 30-year track record will enable Fero to rapidly scale by leveraging AVL’s existing engineers and intellectual property and secure control of facilities currently manufacturing Fero products
HAMILTON, ON, Oct. 14, 2021 /CNW/ – Fero International Inc. (“Fero” or the “Company”), a provider of innovative modular solutions across multiple sectors including healthcare, disaster relief, housing, aid and defence, has signed a non-binding letter of intent (“LOI”) to acquire AVL Manufacturing Inc. (“AVL”), a turnkey manufacturer, and Fero’s current Canadian manufacturer, with expertise in engineering, design, development and assembly of modular enclosures across multiple sectors, based in Hamilton, Ontario, Canada.
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