Mattawa’s Gin-Cor Industries has entered into a “strategic partnership” with a nationwide truck remanufacturer.
Gin-Cor and DEL Equipment of Toronto announced on June 28 that they have teamed up to combine their catalogs of heavy truck products, services and technical expertise for their customers across Canada.
“The decision to partner with Gin-Cor Industries is a key step in my succession plan,” said outgoing president Paul Martin in a June 28 news release.
“We want to give the business and all of our employees the best opportunity to carry on the legacy my family has created. I am excited about partnering with Luc Stang, CEO, Gin-Cor Industries and his team, who bring strong operational expertise to DEL Equipment’s national capabilities.”
DEL has been a manufacturing and designer of truck bodies and equipment solutions since 1945.
Headquartered in Toronto, DEL has truck up-fitter sales and service shops in Vancouver, Calgary, Edmonton, Regina, Montreal, and Moncton.
Under the agreement, Gin-Cor becomes an equity partner and board member.
Gin-Cor president-CEO Luc Stang takes over operational control of as president-CEO of DEL Equipment.
Martin becomes secretary and chairman of the board of DEL.
“The strategic partnership increases both companies’ service reach and capabilities to better serve our customers and partners, and positions us well to meet the needs of customers across all jurisdictions at a time when legislation is increasingly complex,” said Luc Stang, CEO, Gin-Cor Industries, in a statement.
“Knowing that both companies are driven by customer satisfaction, dedicated to innovation and high-quality products, and share a similar strategic vision and business values give me confidence that this strategic partnership will enable us to significantly increase our footprint in the industry.”
Gin-Cor is an award-winning heavy truck accessory manufacturer, modifying all brands of major name-brand truck chassis in performing custom installations of dump boxes, snow plows, sanders, flatbeds, cranes, and decks.
The company has parts and service locations in Carleton Place and Kingston. In recent years, through acquisition, it has added locations in Bond Head (through its acquisition of Durabody) and Keswick (through its acquisition of J.C. Trailers).