Founded in 2012 and headquartered in Niagara Falls, Ontario, Duroair designs, manufactures and sells climate controlled air filtration mainly for the US and Canada markets. Duroair’s unique and flexible enclosures and filtration systems trap and extract fumes, dust and gases created by coating, grinding, sanding and adhesive bonding processes. The company has a strong position within the defense, aerospace and industrial manufacturing industries Including mitigation of hexavalent chromium.
The company has approximately 10 employees and will continue to operate under the Duroair brand.
The acquisition price implies an enterprise value of approximately C$11 million and there is a potential earn out of up to C$4 million. The acquisition is funded by cash and existing bank facilities. Duroair’s 2023 turnover was approximately C$10 million.
“Duroair has a unique offering and strengthens our position and ability to protect people, planet and production from harmful effects of industrial processes,” said Sven Kristensson, CEO of Nederman Group. “We continue to build the Clean Air Company and with this acquisition we develop our North American market presence with the potential to expand their unique range globally.”
“With the acquisition of Duroair we are able to supply a, for us, new range of products and solutions to defence and aeronautics and we further strengthen our clean air range in other industries. I am glad we are able to acquire Duroair and look forward to continued development of the company,” said Hans Dahlén, SVP and head of Nederman’s Extraction & Filtration Technology Division.
