Purchase expands market leader's reach into the metal roofing market
TORONTO, Ontario — IKO Industries Ltd. has acquired the operations of the Roof Tile Group from New Zealand-based manufacturer and builder Fletcher Building for $39 million.
Roof Tile Group manufactures metal roofing tiles for global sales and distribution under a number of brand names, including Decra and Gerard. The deal to acquire RTG was finalized Nov. 1 in Auckland.