Fenplast Windows and Doors acquired the residual assets of Atis Group on Sept. 1. Atis Group was under the protection of the Companies' Creditors Arrangement Act. These assets will, among other things, allow Fenplast to increase its production capacity, according to a statement. The company also expects that almost all affected employees will retain their jobs.
Among the assets in question are the former Laflamme Portes et Fenêtres plants located in St-Apollinaire. These plants, which have been in operation for several years, manufacture windows and doors for the residential market and employ approximately 200 people.
Also included is the Altek Portes et Fenêtres aluminum plant, located in Saint-Joseph de Beauce, with its approximately 60 plant workers and about the same number on construction sites.
Jean Marchand, president of Fenplast, says, "I am thrilled about this acquisition, the additional production capacity brought about by the addition of plants with such experienced workers will enable Fenplast to better meet the growing demand."
With this acquisition, Fenplast intends to direct the production of these plants toward the new construction markets for the residential and multi-family markets. This new grouping will be called Altek Portes et Fenêtres.
Extrusions S.P located in Terrebonne, with its dozen employees, is also part of the agreement. It will manufacture custom-made PVC extrusions for the fenestration sector.
