NOVACAP, one of Canada's leading private equity firms, has taken a major stake in Nitrex Metal Inc., a leading provider of heat-treatment technology solutions and services. Headquartered in Montreal and employing over 300 people, Nitrex offers modern nitriding technologies, equipment and services to customers in the automotive, aerospace and industrial sectors. NOVACAP's investment will assist Nitrex in focusing on key initiatives to accelerate its growth, including funding operational enhancements, investments in key regions with high potential for strategic acquisitions, and continued investments in research and development.
Nitrex Metal Lands Major Investor
September 16, 2015