October 31, 2022 – Today in Kitchener, Ontario, Canada, Polyfab Industrial Services Inc, XL Fabrication Inc, and North American Rectifiers Inc. were acquired by the Zynik manufacturing group and will be organized under the RPS industrial group. Management teams and labor force will remain in place, and all three companies will continue to operate at arm’s length.
Jeff Fraser, President and CEO of RPS Composites, expressed his enthusiasm for the value these companies will bring to the industrial group. “We’re very pleased by these acquisitions. Although each company brings its own industrial materials expertise, together they offer a synergy that positions them far ahead of others providing similar products.”
With a focus on the general metal finishing industry the companies design, fabricate, and install thermoplastic and metallic tanks, and the rectifiers that power the finishing lines.
Jason Schiebel is the President of Polyfab Industrial. “I am very proud of what Polyfab has achieved over the past 20 years and am so excited to see what the next 20 years will bring for Polyfab under the RPS umbrella. I believe that being part of this comprehensive and experienced team will only strengthen and reinforce our position in the marketplace.”
The companies also serve the automotive, aerospace, chemical processing, food and beverage, and water treatment industries, with customers throughout the US, Canada, and Mexico. Well-developed relationships and supplier agreements with other businesses that provide finishing line components brings extra value to customers.
Bob Davison, Director of XL Industries, says, “I’m excited for what’s coming, and the potential for growth.” Kevin Hewett, Director of North American Rectifiers, agrees. “I’m feeling very good about partnering with the Zynik Group and growing NAR to the next level.”
For more information, reach out via our Contact form.
