GRYB acquires attachment manufacturer Bateman
April 8, 2019 -GRYB is pleased to announce the acquisition of Bateman Manufacturing.
Bateman Manufacturing has over 40 employees, and is located in Oro-Medonte, just north of Toronto. Bateman boasts over 30 years of experience manufacturing grapples and other attachments for the demolition and recycling industries. Rémi Beaudoin, Luc D’Amours, Jacquot Caron, and Jason McNeil, the current GRYB owners, are proud to welcome these new employees into the GRYB family, who will now be part of the company’s future success.
This acquisition will allow GRYB to become a national leader in manufacturing and sales of attachments for heavy machinery in a variety of industries, including industrial, construction, demolition, recycling and forestry. GRYB’s goal is to revolutionize the client experience by offering an enhanced product line and an unmatched execution speed, from design to after-sales customer service. In recent years, GRYB has become a leader in designing specialized attachments in Quebec. In the coming years, GRYB plans to launch its products and expertise internationally. The company, now located at two production sites, Victoriaville (QC) and Oro-Medonte (ON) has a total of 105,000 square feet with over 175 employees all working to push boundaries and overcome any challenges. Since 2007, GRYB has been growing significantly and expects revenues to total approximately $40 million in 2019.
The acquisition of Bateman Manufacturing will diversify the product range offered to existing clients in Quebec by introducing a line of grapples and by establishing a presence in Ontario to expand GRYB’s customer base. The Bateman name, with a history in excess of 30 years, will be retained and highlighted on all grapple products. We firmly believe that by combining our strengths with those of Bateman, we will reach our strategic objectives and accelerate the expansion of our product line in the Canadian and American markets. GRYB relies on the support of strong financial partners, such as BDC Capital, FONDACTION, BNC, and Investissement Québec, to implement future growth.
The complementary technology, increased production capacity, and added serviceable markets will allow GRYB to reach new heights and access a much larger customer base.