Operating through its three divisions and with a network of offices and production facilities across the country, the Fund is Canada's only national multi-material manufacturer.
Welcome to Our History
Armtec Infrastructure Income Fund is a leading manufacturer and marketer of a comprehensive range of infrastructure products and engineered construction solutions for customers in a diverse cross-section of industries that are located in every region of Canada, as well as in selected markets in North America and worldwide.
The Armtec Division specializes in high density polyethylene and corrugated steel pipe products for drainage and bridge applications, and water management systems. The Con-Force Division offers a wide variety of precast and pre-stressed concrete products and includes advanced construction components and high-value engineered solutions to large project customers. The Durisol Division provides a full suite of highway noise barriers and related infrastructure products to the transportation sector.
To view the history of the Fund by year, click on the links below.
1908
- Armtec founded as Canada Ingot Iron
1931
- Armtec renamed Armco Drainage & Metal Products
1983
- Jannock Ltd. acquires 50% interest in Armco
1987
- Jannock Ltd. acquires remaining 50% of Armco
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
1999
- Big ‘O’ and Armtec combine operations
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
2001
- Armtec acquired from Magnatrax Corp. in management-led buyout sponsored by ONCAP, an Onex Small Cap Investment Fund
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
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
2007
- Fund makes transformational acquisition of Con-Force. The single largest transaction in its history, Con-Force transforms the Fund’s operations and line of products offered to customers, driving strategic growth and building long-term value for unitholders.
- As of January 4, 2007, Armtec's Trustees and senior managers collectively owned 211,602 units in the Fund, which represents approximately 2% of the issued and outstanding units.
2008
- Fund acquires certain property and assets of Bruce Tile. Based in Walkerton, Ontario, Bruce is a leading high density polyethylene pipe (HDPE) and drainage tile manufacturer and significant supplier to Ontario’s agricultural market. The acquisition strengthens the Armtec division’s competitive position in Ontario’s growing agricultural drainage market.
- Fund acquires Durisol Inc. and its related companies and forms the Durisol division, a new operating division of the Fund. Based in Hamilton, Ontario, Durisol manufactures highway noise barriers and related highway and infrastructure products such as retaining walls and acoustic enclosures.
- Fund acquires A.E. Concrete, as part of its strategy to develop a national precast concrete platform for the Con-Force division. AE Concrete has a precast production facility in Surrey, British Columbia, where it manufactures and supplies precast concrete standard products to the B.C. and Washington State infrastructure and residential markets.
- Fund acquires the assets of the Brooklin Concrete division of Clearford Industries and the shares of Boucher Pre-cast Concrete Ltd. to expand the geographic scope of Con-Force’s precast business. The transactions build on the acquisitions of Con-Force and A.E. Concrete Precast Products, and increase the range of products and services that we can offer to customers in Ontario and Quebec.
- Fund acquires the shares of BURNCO Concrete Products Ltd. from the BURNCO Group of Companies. Known as Con-Force Concrete Products (CFCP), the company produces a wide variety of precast concrete products and pre-mixed package products, including office and warehouse insulated wall panels, high-rise office panels, architectural wall panels, steps, stairwells and pre-mixed concrete, mortars, stuccos, cements and hollow core.
- Fund acquires certain specified assets of Oxford Plastics Inc. Based in Embro, Ontario, Oxford is a leading manufacturer and supplier of high density polyethylene pipe (HDPE) drainage tile focused on Ontario’s agricultural market and building trades sector.
2009
- Fund acquires the shares of Pre-Con Inc. With facilities in Brampton and Woodstock, Pre-Con is the market leader in custom recast and pre-stressed concrete products in southern Ontario. The company provides single source technical sales, design, engineering, project management, manufacturing and installation services for precast concrete (predominantly pre-stressed) components and systems to both commercial /industrial and infrastructure markets.
- Fund acquires the assets of Groupe Tremca Inc. Based in Saint-Jean-Sur-Richelieu, Quebec, Groupe Tremca is a market leader in the manufacture of precast concrete and infrastructure products in Quebec. Groupe Tremca’s product specialties include concrete pipes, architectural and structural elements, highway noise barriers, retaining walls and precast amenities and steps.
