NAMAKOR Holdings has acquired Metallomax Inc., enhancing its footprint in the industrial machinery sector while positioning Metallomax for future growth.

Information on the Target

NAMAKOR Holdings has officially acquired Metallomax Inc., a leading manufacturer of specialized lift platforms based in Quebec. Founded in 2005 by brothers Maxime and Pascal Picard, Metallomax has rapidly risen to prominence in the design and manufacturing of customized industrial transport equipment. The company is celebrated for its superior quality and exceptional design capabilities, making it a trusted partner for numerous large-scale clients.

In response to the increasing demand for lift platforms, Metallomax has introduced the Redlift product line, which has effectively positioned it as a strong competitor against major industry players. The Redlift's technical performance and durability have fostered customer confidence, resulting in a remarkable surge in orders. Since 2016, Metallomax has more than doubled its workforce, growing from 25 to over 50 employees. Maxime Picard, the outgoing President and CEO of Metallomax, expressed gratitude to the company’s dedicated employees and emphasized the importance of their roles in driving the company’s success.

Industry Overview in Quebec

The industrial machinery industry in Quebec is witnessing significant growth, buoyed by increased investments in construction and manufacturing sectors. Following a period of slowdown due to the COVID-19 pandemic, demand for special