hb solar Canada is acquired by NRG Metalworks
HB SOLAR CANADA INC. HAS BEEN ACQUIRED BY NTG METALWORKS AND BECOMES HB SOLAR INTERNATIONAL INC., A VERTICALLY INTEGRATED, FULL-SERVICE RENEWABLE ENERGY RACKING AND MOUNTING BUSINESS
On Tuesday, August 21, 2018, NRG Metalworks concluded the acquisition of the assets of hb solar Canada Inc., Canada’s premier solar mounting company. The transaction represents a unique and significant opportunity to enhance NRG’s growth and to advance its strategic focus on growing its core business in the renewable energy sector. The new company name is hb Solar International Inc.
NRG Metalworks, a successful metal fabricator, recognized the need in solar mounting for a seamless integrated supply chain that would improve service levels, product costing and product development. NRG has a clear understanding of hb product as they have been hb’s primary supplier of their manufactured racking systems since 2010.
hb solar, originally established in 2009, was an industry pioneer. hb has supplied over 200MW of solar racking and mounting systems. Their rooftop racking solutions remain the benchmark used by most engineers, developers and contractors in the industry. Their metal roof solutions lead the market and the patented BlokGrabber ballasted solution with rodent control is the preferred solution for most Electrical Authorities.
Craig Chornaby, President of NRG, stated: “This is a tremendous opportunity for NRG to vertically integrate and establish new benchmarks in the industry. We can now grow our business, while working to improve the profitability and customer service for our existing clientele. The core values of quality, exacting engineering, and ongoing product evolution that are synonymous with our company and its brand are clearly the same foundations that hb solar was built upon, and the integration, while rapid, has outperformed all expectations.”
Graham Smith, Sales & Strategic Initiatives of hb Solar International, outlines: “To be a part of this restructuring and to have what is now an unencumbered engine with the most efficient supply chain and a renewed energy is fantastic. We are reaching out to our customers, both direct and indirect, to solicit their input so that they can benefit from this harmonious union."
For more information, please contact:
NRG Metalworks Inc.
244 Montrose St., Unit 6
Cambridge, Ontario, N3H 2H7
hb Solar International Inc.
399 Four Valley Drive, Unit 23
Concord, Ontario, L4K 5Y7
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