January 11, 2013 - Earlier this month, Franklin Empire announced it is set to acquire Ontor's ISD Division (Industrial Systems Division). Ontor’s ISD division is a national supplier of automation and industrial controls, motion, drives and machine safety products with sales locations in Ontario, Quebec and Alberta.
In conjunction with this acquisition, Franklin Empire will become the Siemens EID (Exclusive Industrial Distributor) for Ontario’s GTA (Greater Toronto Area), Mississauga/Brampton and Oakville/Hamilton/Niagara. Franklin Empire is already the Siemens EID for Southwestern Ontario, Ottawa and the province of Quebec.
“This is really an excellent fit for two family-operated businesses. The management of both companies are extremely excited about the opportunities this acquisition will provide to their combined staff, customers and vendors moving forward,” said the companies. “Ontor’s customers will have access to a vastly larger basket of electrical products and Franklin Empire staff will gain new market opportunities and forge new supplier relationships.”
The remaining Ontor divisions, HVAC and Romark, are not a part of this acquisition and will continue under Ontor Ltd. The sale is expected to close on January 17 and all of Ontor’s ISD staff and inventory will merge into Franklin Empire’s nearest locations after.
