Wainbee Ltd. announced that this strategic move will boost its service and technical capabilities.
A company based in Mississauga has acquired Hydraulics Plus, a Timmins business that specializes in the manufacturing and repair of hydraulic and pneumatic equipment and components for industries like mining and forestry.
Describing it as a “strategic acquisition,” Wainbee Ltd. stated that this step will allow the company to enhance its customer service in northeastern Ontario by broadening its service and technical skills.
“Northern Ontario represents a highly resilient industrial market, and Hydraulics Plus’ strong service footprint allows us to deepen customer relationships while expanding opportunities across mining, forestry, and industrial maintenance,” Mike Labanovich, Wainbee’s vice-president of sales and technical services, said in a Feb. 3 news release.
“Together, we see meaningful potential to grow both service and project-driven demand in the region.”
Established in 2012, Hydraulics Plus distributes Parker fluid power components and has built a solid local presence along with extensive service capabilities, according to Wainbee.
When you combine that with Wainbee’s national reach, diverse product offerings, and strong supplier connections, the company is “well positioned to unlock new growth opportunities and enhanced service offerings for customers in the region,” Wainbee noted.
An employee-owned entity since 1957, Wainbee provides engineered systems along with products and services related to motion control, filtration, automation solutions across various industries such as construction, forestry, mining, metals manufacturing, railways, power generation, and more.
Wainbee operates 16 locations with over 200 employees on board.
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