The 2020 Mid-Year Economic Update_long

Wajax Industrial Components Acquires Ace Hydraulic

Acquisition of Ace Hydraulic enhances Wajax Industrial's hydraulic repair and service capabilities.

Wajax Industrial Components, Montreal, Quebec, No. 25 on MDM’s list of top industrial distributors, has acquired Ace Hydraulic Ltd., Bathurst, New Brunswick. The acquisition will enhance Wajax’s hydraulic repair and service capabilities, as well as augment Wajax’s ability to support mining, forestry and other industrial businesses throughout Atlantic Canada and the Quebec North Shore.

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\”Our objective is to be a total solutions provider in terms of product offerings, engineering capabilities and repair services,\” said Marc Joanis, director of business development and marketing for Wajax Industrial Components. \”Where we don’t have those capabilities, we are pursuing strategic acquisitions. We were attracted to Ace Hydraulic because it has a very good reputation in the marketplace for hydraulic repairs.\”

Pierre Duguay has been appointed branch manager and Charles Guerette has been named service manager for the Bathurst location.

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