As many of you know by now, last Friday, H2O Innovation announced entering into an agreement to acquire the business of Leader Evaporator Co., Inc., strengthening its position in the Maple Industry. You can read the press release here: Official PR
This transaction should allow H2O Innovation to increase its market share in the maple industry, primarily in the United States of America, to solidify its position as manufacturer of maple equipment and products and to expand its manufacturing capabilities with an additional facility of 103,780 sq. ft. located in the Town of Swanton, VT.
In addition, H2O Innovation will add 53 distributors and dealers to its current distribution network of nearly 50 distributors. Through this transaction, H2O Innovation will inherit the expertise, talent and manufacturing know-how of more than 50 employees working at the Swanton facility. The transaction is expected to close before July 1, 2022.