MEP Group sets out to conquer North America through a new acquisition
03 Feb, 2014, 07:30 ET
LAVAL, QC, Feb. 3, 2014 /PRNewswire/ - MEP Group, to which Laval's MEP Technologies belongs, is proud to announce its acquisition of Artmetco Inc. in Saint-Laurent.
This strategic acquisition confirms MEP Group as the leading specialist in complex and fully integrated high quality metal fabrication. The team of MEP Technologies and Artmetco will continue to offer clients a turnkey approach, from design to final execution, for the fabrication of high quality products.
The enhanced and expanded engineering department draws from a wide cross-section of industry segments such as semi-conductor, medical, electronics, security and postal. "This wide range of exposure allows us to assist our clients to meet and exceed their technical challenges, through our extensive metal fabrication knowledge, product integration, and turnkey approach as a partner. Our talented team inspires mechanical designs, new product implementation and redesign of existing products, revision upgrade management, and maintenance of legacy products. By combining lean engineering practices with advanced metal fabrication techniques, we achieve reduced lead times, cost effective solutions, with minimal liabilities" declared Armand Afilalo, President & CEO of MEP Group.
Thus, the MEP Technologies - Artmetco tandem can now count on the expertise of more than 350 highly skilled employees, working in 4 plants in Laval and Saint-Laurent, whose ultra-modern facilities, with a total area of more than 250,000 square feet, operate 24/7. Plus it has a partnership that makes it possible to offer an assembly option, with no equal in terms of its price/quality ratio, at another business unit located in China. Artmetco's current president, Dan Kucer, will remain with the company.
For the MEP Group, with more than 85% of its output intended for multinationals and exported mainly to the United States, this is an extraordinary business opportunity and represents the first in a series of future acquisitions. "What we are aiming for is nothing less than becoming the North American leader in our industry, based on integrated production, innovation and solutions. Our goal is to reach a critical mass of sales in the $100 million range," Armand Afilalo explained.
With a background in banking, he bought MEP Technologies some 25 years ago, when the Laval company had only ten employees - compared to today's 200. He is grateful to all employees for their exceptional contribution to the company's development and growth. "It is the devotion, professionalism, competence and talent of these men and women that have enabled MEP to achieve this very high level of excellence and invest in the future," concluded Mr. Afilalo.
About MEP Group: MEP Group will celebrate the 55th anniversary of its founding this year. MEP Technologies is a manufacturer of high precision metal products in highly automated industrial facilities using the state-of-the-art technological innovations. It employs 200 workers, has three production sites in Laval, with more than 150,000 square feet of fabrication space, in addition to another assembly unit in China. The MEP Group has become a leader in its industry because of its turnkey approach to the fully integrated production of complex and high precision metal products.
About Artmetco - With 25 years of industry experience, Artmetco, with 150 employees at its 100,000 square foot plant located in Saint-Laurent, has a reputation for producing high quality and high precision products backed by excellent service and support for world-class clients in myriad industries across North America. A tradition of innovation, expertise, and a passion for engineering permeates every aspect of Artmetco's state-of-the-art facilities in both Canada and China.
SOURCE MEP Group
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