Gincor Werx closes acquisition of Drivetec Manufacturing.

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Drivetec is the first of many acquisitions that Gincor Werx expects to complete in the coming years.

Toronto, October 3 2022 /CNW/ – Gincor Industries Inc. (“Gincor Werx”) is Drivetec Manufacturing Ltd. We are very pleased to announce the effectiveness of our recent acquisition of (“Drivetec”). October 1st 2022. Drivetec is a hydraulic, driver lines; suspension systems; We bring expertise in automotive conversion as well as major parts distribution for the truck and trailer industry. This is a better service for both companies. It’s an exciting opportunity to join forces while offering new solutions to existing and new customers.

Gincor has been Canada's preferred manufacturer of premium truck bodies and trailers for over 40 years. Our longevity is motivated by our ability to meet customer needs and deliver a premium product. (CNW Group/Gincor Werx) — Gincor has been Canada’s preferred manufacturer of premium truck bodies and trailers for over 40 years. Our longevity is motivated by our ability to meet customer needs and deliver a premium product. (CNW Group/Gincor Werx)

Luc StangCommenting on the recent acquisition, the President and CEO of Gincor Werx said, “Drivetec has a strong reputation for providing parts and services that will advance our growth strategy. The geographic presence gives us greater flexibility in meeting our customers. Their needs are closer to home. We are pleased to have this new group of employees become part of the Gincor Werx family. Both Gincor and Drivetec will provide a greater customer experience and we will We believe that is the purpose of our Principals and best practices, while we strive to develop new ways to collectively improve and provide a holistic customer experience, but not to give up. Canada and the U.S. to drive our strong organic growth.”

Rhian DupreyDrivetec’s President and Founder said, “We are very pleased to acquire an organization like Gincor. Both organizations share the same philosophy when it comes to providing exceptional customer service. Gincor has been in business for over 40 years. Drivetec’s reputation for providing premium products will continue to align well with Drivetec’s existing customer base. We thank all employees for their hard work and dedication over the years and take comfort in moving forward with the Gincor team.”

WD Capital (www.wdcapital.ca) acted as M&A advisor to Gincor Werx. and Wildeboer Dellelce, LLP (www.wildlaw.ca) acted as legal counsel to Gincor Werx.

About Gincor Werx
With four decades of experience and expertise in customizing commercial vehicles, Gincor Werx is an industry leader known for its quality workmanship and technical innovation. Our product offering includes landfills, snow and ice; Includes floors and vans. Our sample offering includes a heavy-duty, equipment, tag Includes stepped and direct bottom samples. The acquisition of Durabody Industries in 2015 marked the beginning of rapid growth for the corporation with the ultimate goal of strengthening its overall product portfolio. Following the acquisition of JC Trailers in 2016, the opening of Gincor Trailer Werx in 2017 greatly enhanced our product offering into a strong industry brand.

Related links
www.gincor.com
www.drivetec.ca

Source Gincor Werx

For more information: Brian Jagger; Director human resources; people and culture Gincor Industries Inc. [email protected], (905) 715-4796; Michael Caunter, National Brand & Marketing Manager, Gincor Industries Inc. [email protected](289) 383-2206

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