WILO Canada Inc., a subsidiary of WILO SE, has acquired the assets of PLAD Equipment Ltd., a company specializing in pumps and packaged pump systems for HVAC, boosting, firefighting, and irrigation applications.
Plad, based in Montreal and Quebec City, Quebec, Canada, employs 43 people and also offers pump repair and machining services.
“With this acquisition, Plad is strengthening Wilo’s regional presence to meet local customer needs with locally manufactured products,” explains Jeff Plaster, CEO/senior vice president of Region North America of Wilo USA LLC. “We also expand our customer base in the Canadian market to further serve their needs.”
Stephane Miron, president of Plad Equipment adds, “We are very excited to become part of the Wilo family. Our goal is to demonstrate our product expertise we gained from serving our markets since 1959.”
“To have Plad Equipment join the Wilo group is an exceptional opportunity for our region,” says Steffen Werner, managing director, Wilo Canada. “Their experience and expertise align extremely well with our organization and accelerate our strategy for long-term growth in Canada.”
“The acquisition of Plad Equipment strengthens our strategic market position in Canada and enables us to capture market share in fast-growing sectors such as prepackaged systems and irrigation,” Plaster points out. “We are very pleased to have succeeded in completing this acquisition, and very much look forward to our collaboration with Plad Equipment and its integration into the Wilo Group.”