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GRYB Acquires Bateman MFG

04/19/2019

GRYB & Bateman Manufacturing 

 

GRYB has acquired Bateman Manufacturing, a company with more than 30 years of experience manufacturing grapples and other attachments for the demolition and recycling industries. Bateman has more than 40 employees and is located in Oro-Medonte, Ontario, Canada just north of Toronto.  Rémi Beaudoin, Luc D’Amours, Jacquot Caron, and Jason McNeil, the current GRYB owners, is aiming to be 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, Quebec, and Oro-Medonte Ontario, has a total of 105,000 square feet with more than 175 employees.

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 material handling grapples and by establishing a presence in Ontario to expand GRYB’s customer base. The Bateman name, with a history of more than 30 years, will be retained and highlighted on all grapple products.

GRYB officials said they firmly believe that by combining its strengths with those of Bateman, it will reach its strategic objectives and accelerate the expansion of its product line in the Canadian and U.S. 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 access a much larger customer base.

 

Published By: https://www.rermag.com