The merging will provide CMP an equity interest in dock equipment and marine accessory manufacturer Dock Edge. As such, Dock Edge CEO Walter Szwez along with vice president David Szwez, and directors Michael and Christopher Szwez have become shareholders of CMP.
IBI News Plus also noted that "the alliance will provide CMP with access to Dock Edge's 80,000 sq. ft. manufacturing plant in Woodbridge, Ontario. Opened in 2014, the state-of-the-art facility will provide CMP with a corporate presence in eastern Canada, along with an ideal site for a new foundry operation. The facility has the capability to be further developed for die cast operations and additional manufacturing in the future."
Further, Dock Edge gains access to CMP's worldwide distribution network along with all of CMP's facilities located in British Columbia, Virginia, China, Italy and Australia.
"There is a natural fit between the Dock Edge and CMP operations," says Dock Edge + CEO Walter Szwez. "This alliance will add to Dock Edge's product range, and will give the company access to new global markets. Our customers will benefit with more efficiencies and new, innovative products."
Managing Director Chris Heckert led the Generational Capital Markets deal team that advised Dock Edge on the partnership.
"This partnership represents a true synergistic opportunity for both sides and I am excited to see what the future holds for both Canada Metal and Dock Edge," says Heckert.
About Generational Capital, LLC
Generational Capital, LLC, is a Dallas, Texas-based merger & acquisition advisory firm. Generational Capital wholly owns Generational Capital Markets, Inc., Member FINRA/SIPC. Generational Capital and Generational Capital Markets are part of the Generational Group and affiliated with Generational Equity, LLC. Learn more at the online newsroom at GECPress.com.
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SOURCE Generational Capital, LLC