TORONTO, Aug 8, 2017 /CNW/ - Aereus Technologies, a manufacturer of a proprietary copper alloy process, has signed a letter of intent to acquire Interspec Systems & Alspec Industries, a manufacturer of wall units for hospitals and schools, and metal fabrication company, respectively.
"This acquisition is the first of many for Aereus Technologies, and allows us to grow our sales platform while continuing to expand the adoption of antimicrobial copper on high touch surfaces in every industry from quick serve restaurants, to hospitals, schools and even fitness facilities" - Jon Dwyer, Managing Director, Aereus Technologies
This acquisition allows Aereus Technologies to coat all high-touch surfaces manufactured by Interspec Systems/Alspec Industries with its copper alloy process, and will aid in establishing buying practices for antimicrobial copper in provincial infrastructure RFP's. Aereus Technologies will also acquire the 5 acres of property on which both facilities exist, and all assets of Interspec Systems/Alspec Industries.
"Having built our business from the ground up over 45 years, my family and staff are incredibly excited to hand the reigns over to Jon and the Aereus Technologies team. We have established a reputation for customer care, quality product and above all integrity and attention to detail, and I know the legacy of our business will be in expert hands". - John Kamstra, founder/owner, Interspec Systems/Alspec Industries
With a customer base primarily rooted in Ontario, Aereus Technologies intends to work with Interspec management to grow their sales force in order to access the continental US and international markets.
Both organizations view this acquisition as a perfect opportunity to accelerate growth and expand product lines for each company, reaching customers globally. As part of Aereus Technologies acquisition strategy, Interspec Systems & Alspec Industries represent a growing number of small and medium cap North American businesses prime for acquisition.
About Aereus Technologies
Toronto-based Aereus Technologies is the manufacturer of an ultra-thin copper alloy that can be applied to plastic, metal, wood and a number of other surfaces. Laboratory studies have proven that copper has antibacterial and virucidal attributes, which provides a solution to dangerous pathogens such as c-difficile, MRSA, norovirus and e-coli.
About Interspec Systems/Alspec Industries
Interspec Systems is a manufacturer and retailer/wholesaler of headwall units for hospitals, schools and government infrastructure projects. Alspec Industries is an ISO 9001-2000 certified metal manufacturer providing aluminum sheet metal fabrication & machining for external sale into the food, hospitality, transportation, healthcare and education space. Their manufacturing facility is located on 5 acres in Adjala Township, Ontario, one hour north of Toronto.
SOURCE Aereus Technologies Inc.
For further information: Ryan Peyman, Aereus Technologies, 1(888) 633-8460 ext.705, [email protected], www.aereustech.com, www.interspecsystems.com