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1908 |
- Armtec founded as Canada Ingot Iron
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1931 |
- Armtec renamed Armco Drainage & Metal Products
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1983 |
- Jannock Ltd. acquires 50% interest in Armco
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1987 |
- Jannock Ltd. acquires remaining 50% of Armco
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1998 |
- Jannock Ltd. acquires Big 'O,' a leading Canadian manufacturer of high density polyethylene (HDPE plastic) corrugated pipe and related products for the infrastructure and agriculture sectors
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1999 |
- Big ‘O’ and Armtec combine operations
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2000 |
- Big ‘O’ and Armtec amalgamate to create first multi-material pipe and engineered products provider in the Canadian marketplace
- Jannock Ltd. acquired by Magnatrax Corp.; Armtec identified as non-core asset
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2001 |
- Armtec acquired from Magnatrax Corp. in management-led buyout sponsored by ONCAP, an Onex Small Cap Investment Fund
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2004 |
- Armtec Infrastructure Income Fund created through $90.15 Million IPO; proceeds used to indirectly purchase 100% of Armtec operations; units trade on TSX under symbol ARF.UN
- Fund acquires Construction Products Division of Maritime Steel & Foundries Ltd. for $2.1 million, strengthening presence in Atlantic Canada
- Fund completes manufacturing, sales and service agreement with Polytubes Inc. to access additional manufacturing capacity in Western Canada
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2006 |
- Fund acquires Construction Products Division of Twister Pipe Limited of Calgary, Alberta for approximately $7.7 million, strengthening Armtec’s presence in Alberta
- Fund broadens product offering by acquiring exclusive license from BEBO™ Arch of Canada to sell the BEBO concrete arch bridge technology throughout Central and Western Canada
- Fund’s product offering further broadened by sales and distribution agreement with CONTECH® Stormwater Solutions, a leading U.S. supplier of stormwater quality systems
- Fund successfully completes public offering raising total gross proceeds of approximately $25 million; $6.8 million used to finance acquisition of the culvert manufacturing and distribution business of Prairie Steel Products Ltd. and Prairie Steel Manufacturing Ltd; balance used to strengthen balance sheet
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