Armtec Infrastructure Income Fund (TSX: ARF.UN) today announced a sales and distribution agreement with CONTECH Stormwater Solutions™, a leading U.S. supplier of storm water quality systems. Under the terms of the agreement, Armtec will become a national distributor for CONTECH Stormwater Solutions products in Canada, effective immediately.
Armtec will offer its Canadian customers the entire CONTECH Stormwater Solutions product line, which encompasses a full range of storm water quality management products including filtration, hydrodynamic separation, screening systems and oil/water separation.
"In keeping with Armtec's growth strategy, this partnership leverages the strengths of our coast-to-coast sales force to introduce new products into the Canadian market. With minimal capital outlay, it broadens our product offering to existing customers and gives us the opportunity to add new customers," said Charles Phillips, President and Chief Executive Officer of Armtec Limited Partnership. "The management of storm water and runoff has become a very significant part of drainage design in the United States, and we see the market growing in Canada. This agreement puts us in an excellent position to capitalize on that demand."
Customers for storm water management systems include the owners of any installation that collects and discharges storm water, including municipalities, private developers, industrial and commercial sites and manufacturing facilities.
"We look forward to joining forces with Armtec, a clear market leader. We expect their strong distribution network and close customer relationships to significantly increase our sales in Canada," said Rick Stepien, CEO of CONTECH Stormwater Solutions.
Armtec is a leading manufacturer and marketer of drainage products and engineered solutions for infrastructure applications in a diverse cross-section of industries, including the public infrastructure market and private sector markets such as natural resources, residential drainage and agricultural drainage in Canada. Armtec is Canada's only national multi-material manufacturer specializing in corrugated high-density polyethylene pipe, corrugated steel pipe and related engineered products. Armtec also distributes a complete line of water control and geosynthetic products, and manufactures and distributes certain high value-added engineered products internationally. Armtec Limited
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