30th September 2020

G.N. JOHNSTON BUYS ECONO-RACK

G.N. Johnston Equipment Co. Ltd., a sales and service center of Raymond Corp., has acquired the assets of Econo-Rack Group Inc. (Mississauga, ON). Econo-Rack became a wholly owned subsidiary of Johnston on August 1.

Econo-Rack is a leading Canadian manufacturer and dealer of racking and related material handling products and services. The company has eight locations, including a 210,000-sq-ft manufacturing facility in Brantford, ON. Combined, Johnston and Econo-Rack have more than $400-million in sales and employ 1,150.

“This acquisition adds value for customers, both current and prospective, through expanded product offerings for diverse application and operational needs,” said Michael Marcotte, president and chief executive officer for Johnston.

G.N. Johnston has been in business for 60 years, and in Canada has 14 strategically located offices. The Raymond Corp., recipient of the 2014 IndustryWeek Best Plant Award and the 2015 Manufacturing Leadership Award from Frost & Sullivan, is the producer of Raymond lift trucks as well as iWAREHOUSE software.

www.raymondcorp.com