MONTREAL, July 2, 2024
/PRNewswire/ - Domfoam, a leading manufacturer of high-quality foam
products in Quebec, is pleased to
announce its strategic expansion into the Greater Toronto Area (GTA) and the broader
Ontario market through the
acquisition of Foamco Industries, thereby growing their market
share in Ontario and solidifying
their presence in Quebec.
This acquisition marks a significant milestone in Domfoam's
growth strategy, enabling them to better serve Canadian customers
with enhanced delivery services and expanded production
capabilities.
Enhanced Service and Delivery
With the acquisition of Foamco, Domfoam will now have the
ability to offer next-day delivery services throughout the GTA and
Ontario, ensuring speedy and
efficient service for their customers.
"This strategic move allows us to extend our reach and provide
superior service to a broader market, meeting the growing demand
for our products," said Jonathan
Pomerantz, CEO of Domfoam.
"The acquisition of Foamco is great for Domfoam, it solidifies
the fact that we are ready to compete with our biggest competitors
and it is very exciting for the Domfoam family to grow," said VP
Operations, Domfoam, Karim
Khoury.
Leveraging Success in Quebec
Domfoam has established a strong foothold in the Quebec market with 3 manufacturing facilities
that have consistently delivered high-quality foam products since
1963.
Domfoam's success in Quebec
provides a solid foundation as they continue to expand into
Ontario.
"We are committed to maintaining our high standards of quality
and service as we grow, ensuring that our customers in Ontario receive the same level of excellence
that has made us a trusted name in Quebec," said Mr. Pomerantz.
Building Momentum with Five Manufacturing Facilities
With the addition of Foamco, Domfoam now operates 5
manufacturing facilities totaling over 550,000 square feet,
strategically located in Quebec
and Ontario.
"This expansion not only enhances our production capacity but
also ensures healthy competition for our customers by providing a
third manufacturing option. Our increased capabilities will allow
us to meet the diverse needs of our consumers more effectively,
delivering high-quality foam products with greater efficiency,"
said Mr. Pomerantz.
This continued growth into Ontario marks a new chapter in Domfoam's
journey.
"I believe it's a great acquisition on Domfoam's part, as this
helps us become stronger and more stable as a company moving
forward, it helps us show to all our competitors that we are a
company to be reckoned with and we are here to stay" said Plant
Manager, Domfoam, Pino Cappuccino.
About Domfoam:
Domfoam is a leading manufacturer of high-quality foam products
based in Montreal, Quebec.
With a strong commitment to quality, service, and customer first
mentality, Domfoam has established itself as a trusted name in the
industry. Providing innovative solutions to meet the diverse needs
of its customers since 1963.
Please visit web link: https://domfoam.com/
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SOURCE Domfoam