Mississauga, Ontario-based stainless steel distributor Fidelity Stainless Ltd. announced Wednesday that it has acquired Vancouver-based welded and seamless pipe and tube distributor PAC PVF Trade Inc. at an undisclosed price.
PAC PVF Trade Inc. already has a location in Mississauga as well as others throughout North America.
"This acquisition brings together two of Canada's largest master distributors to create a master distributor that is uniquely qualified to meet the demands of today's competitive global marketplace," Fidelity president Tom Pope said in a news release.
"The acquisition is a natural fit for us and the addition of PAC Trade both underscores Fidelity's steadfast commitment to the master distribution role, as well as reinforces our continued investment in providing one-stop shopping for distributors," he said.