G.N. Johnston acquires Econo-Rack Group
Combined companies have more than $400 million in material handling sales.
G.N. Johnston, an authorized sales and service centre of The Raymond Corp. based in Mississauga, Ont., said Econo-Rack became a wholly owned subsidiary of Johnston on Aug. 1. No financial details were provided.
Econo-Rack has eight locations, including a 210,000-square-foot manufacturing facility in Brantford, Ont. Combined, Johnston and Econo-Rack have more than $400 million in sales and employ 1,150 associates.
Raymond is a global manufacturer of lift trucks based in Greene, NY.