Quebec-Based OKAPLY Industries Acquires Panel and Component Manufacturer VIZÜSOLUTION

LACHUTE, QC - OKAPLY Industries Ltd recently announced that it has completed the acquisition of VIZÜSOLUTION Inc. The combination of these two companies will create a major player in the production of panel and wood components of all kinds. They will continue to service manufacturers of furniture, kitchen cabinets, modular construction, RV's and big box retailers.

OKAPLY's president, Craig Starke, is excited about the possibilities. "The acquisition of VIZÜSOLUTION enhances our combined ability to offer our modular customers a wider range of cabinet stock, interior wall panels, and ceiling systems laminated with papers, vinyls, TFL’s, or HPL’s on a variety of substrates such as Azdel, PB, MDF, Plywood, Gypsum, Plasticore, Garnica etc. The addition of warehousing and manufacturing space (now over 200,000 sq feet) will also allow us to invest further in our 'RV wall' division, a growing segment of our business that custom-builds insulated 'full interior/exterior' walls for our customers manufacturing RVs, modular washrooms, travel trailers, workforce housing, portable classrooms and film-crew trailers. Today, with three factories across Canada, we are well positioned to service not only our Canadian customers, but our growing base of U.S. customers as well."

Gilles Nantel, President of VIZÜSOLUTION confirms that he will remain on for another two years, ensuring a smooth transition and to participate in the growth of the business under the new ownership.

"I am very pleased to pass the torch to a strong organization and a team of seasoned managers who will ensure the future of the company I founded 8 years ago."

OKAPLY's major shareholders, Robert Hirscheimer and Craig Starke, are excited to take over a well-respected industry leader, in Canada and the United States.

"We look forward to working with Gilles, to grow this new organization and service more customers and markets."

The customers and suppliers of these two companies will benefit from this alliance, having greater access to more services, with an incomparable fleet of equipment in the lamination and components industry.

About VIZÜSOLUTION Inc

Founded in October 2013, VIZÜSOLUTION is a manufacturer of melamine panels and components (TFL), foil and vinyl (LPL) and high-pressure laminates (HPL) lamination on a wide variety of panels. Our specialty is the transformation of these panels into furniture, kitchen & cabinet components, grooved Slatwall panels and shelving of all sizes and colours.

About OKAPLY Industries Ltd

OKAPLY is a family business established in 1966, north of Montreal in Quebec's beautiful region of Oka. We have 100,000 square feet of manufacturing and warehousing in Oka and a 20,000 square foot factory and warehouse in Calgary, Alberta. We service many industries including manufacturers of furniture, kitchen cabinets, modular construction, RV's and big box retailers.