West Point Products and Multi-Laser Inc. reached an agreement in principle for West Point Products to acquire Multi-Laser.
“Multi-Laser is a company with an excellent reputation in the industry, and has corporate values consistent with West Point Products. We are extremely happy to have Multi-Laser join the West Point Products family,” said Tom Day, CEO of West Point Products.
West Point Products intends to have a significant Canadian presence including a sales office, distribution center, and production operations. “Canada is a significant market place for West Point Products and the acquisition of Multi-Laser gives us the necessary foothold to better serve our Canadian customers,” said Day. “We will now be able to service the Canadian market with a more extensive range of products and distribution capabilities.”
Upon completion of the acquisition of Multi-Laser, West Point Products will produce exclusively in the U.S. and Canada.
