On January 30, 2025, NAMAKOR Holdings acquired Metallomax Inc., a Quebec-based manufacturer of specialized lift platforms. Founded in 2005 by Maxime and Pascal Picard, Metallomax grew into a leader in industrial transport equipment, doubling its workforce since 2016. The company’s Redlift product line positioned it as a strong competitor in the market. NAMAKOR plans to expand Metallomax’s market share and geographic reach, with Vincent Tourangeau appointed as CEO. The Picard brothers will remain as advisors. This marks NAMAKOR’s seventh platform investment and fifteenth transaction.

Legal advisors were Fasken for NAMAKOR and Groupe RDL for Metallomax, with National Bank Financial Inc. as the sell-side investment bank. The transaction value was not disclosed.