G.N. Johnston Equipment Co. Ltd. Acquires the Econo-Rack Group Inc.

MISSISSAUGA, ON, Aug. 10, 2015 /CNW/ - The G.N. Johnston Equipment Co. Ltd., an authorized Sales and Service Center of The Raymond Corporation, announced it has acquired the assets of The Econo-Rack Group Inc. Econo-Rack became a wholly owned subsidiary of Johnston on Aug. 1, 2015.

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

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

To learn more about Johnston, visit www.johnstonequipment.com. For more information on Econo-Rack, visit www.econorack.com.  For more information on Raymond, visit www.raymondcorp.com

About G.N. Johnston Equipment Co. Ltd.
For more than 60 years, G.N. Johnston Equipment Co. Ltd.'s mission has been to develop valued customer partnerships by providing precision, cost-effective material handling equipment, systems and service solutions that maximize space, increase customer productivity and enhance customer safety. Today, Johnston is a countrywide material handling provider in Canada with 14 strategically located offices. It recognizes that customer care is just as important as the quality and craftsmanship of the equipment, with each of its 840-plus team members focused on providing only the highest levels of personalized service.

About The Raymond Corporation
The Raymond Corporation, recipient of the 2014 IndustryWeek Best Plant Award and 2015 Manufacturing Leadership Award from Frost & Sullivan, is a global provider of unmatched material handling technology, expertise and support to increase productivity and cost-efficiency. Designed with ecological and economical benefits in mind, Raymond® lift trucks are engineered to achieve higher performance and increase efficiency. Raymond offers a full line of manual and electric lift trucks — including pallet trucks, walkie stackers, counterbalanced trucks, reach trucks, orderpickers and turret trucks — and iWAREHOUSE®, complete with iWAREHOUSE Essential and iWAREHOUSE Enterprise, to manage lift truck fleets, labor efficiencies and warehouses. Additionally, flexible automation solutions and industry-leading consultation from Raymond further enhance warehouse processes and streamline material handling practices. 

SOURCE The Econo-Rack Group (2015) Inc.

Image with caption: "The G.N. Johnston Equipment Co. Ltd., an authorized Sales and Service Center of The Raymond Corporation, announced it has acquired the assets of The Econo-Rack Group (2015) Inc. Econo-Rack is the leading Canadian manufacturer and dealer of racking and related material handling products and services. (CNW Group/The Econo-Rack Group (2015) Inc.)". Image available at: http://photos.newswire.ca/images/download/20150810_C7973_PHOTO_EN_474517.jpg

For further information: Gabriela Cameron, Media Coordinator, Konstant, gabriela.cameron@konstant.com, 905-337-5700; Elizabeth Buza, Marketing Communications, The Raymond Corporation, Elizabeth.buza@raymondcorp.com, 607-656-2734

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The Econo-Rack Group (2015) Inc.

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