TORONTO, November 1, 2018 / PRNewswire / – IKO Industries Ltd. today announced the conclusion of a transaction to acquire the assets of the Roof Tile Group from the New Zealand producer and builder Fletcher Building.

Roof Tile Group manufactures metal roofing materials sold worldwide under various trade names, including Decra and Gerard. The acquisition of RTG was completed yesterday in Auckland. The result of this acquisition will be the expansion of IKO’s global presence, thanks to the incorporation of production bases in New Zealand, Hungary, Malaysia and the USA The staff of IKO will increase by more than 500 employees.

“We are delighted to welcome RTG and the staff of this company to the IKO team,” said IKO’s co-chairman, Hartley Koschitzky. only partnering with Metrotile NV, with a focus on the North American market, we look forward to developing the RTG business and drawing on new knowledge from the experience of our new colleagues who are experts in the field of -metallic

Sourced from TASS.ru and machine translated for your benefit

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