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Sigma Industries expands in the US with the acquisition of a facility in Tennessee

Sigma Industries, a manufacturing company specializing in the production of composite components, announces that it is expanding its operations in the U.S. with the acquisition of a 70,000 square foot facility in Surgoinsville, Tennessee.

The new facility will produce composite parts for existing and future customers and is strategically located near several key customers in the US who will benefit from the same processes, quality and service they already enjoy and recognize. The cost of the facility and required building improvements are expected to be approximately US$2.5 million and the facility is expected to be operational by the end of the second quarter of calendar 2019.

In conjunction with this acquisition, Sigma Industries created an operating subsidiary in the US, RMC Advanced Technologies Inc. Over the next three years, RMC Advanced Technologies Inc. will invest approximately US$4.5 million in equipment and expects to employ up to 50 people when the facility runs at full capacity. RMC Advanced Technologies Inc. will bring to the US the excellence its sister companies RMC and Faroex are known for throughout the industry.

“This expansion in the U.S. represents an important strategic milestone for us,” said Denis Bertrand, President of Sigma Industries. “It is the first step in our strategy to grow our operations in the U.S. market. In essence, it will allow us to better serve existing customers while providing us with the opportunity to grow our business in a market of significant size. Furthermore, we are proud to be in a position to serve our transit industry customers with Buy America compliant products,” concluded Mr. Bertrand.

The project’s realization is made possible in part by the assistance from the Quebec Government’s Accelerated Growth Center program (Centre de croissance accéléré (CCA)) for which Sigma was chosen in May 2017. This program is part of the “Destination: US” segment of the Ministry’s Québec Export Strategy for 2016-2020, a Government of Quebec program that offers personalized services to companies developing their US markets. Furthermore, Sigma Industries would like to thank the Tennessee Department of Economic and Community Development, Hawkins County, Surgoinsville and the Tennessee Valley Authority Economic Development for their assistance and support.

Companies: Sigma Industrie

Terms: Business

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This article has been edited by Basalt.Today
Source
This article has been written on JEC Composites Magazine
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