Louisville, Ky. (December 7, 2018) - ISCO Industries, Inc. (ISCO) is announcing that its wholly owned subsidiary, ISCO Canada, Inc., has agreed to purchase substantially all of the assets of A.H. McElroy Sales and Service (Canada) Ltd. The agreement is subject to customary closing conditions and the parties expect to close the transaction on December 10, 2018. Founded in 1979, A.H. McElroy has served as the leading polyethylene pipe fusion experts in Canada, maintaining the largest inventory of parts, equipment and rental fleet throughout the country. ISCO Canada will operate under the new trade name, ISCO-A.H. McElroy.
“Numerous companies have come to us in the past about potentially purchasing our company, but it never felt like the right match. This is the first time we were approached by a company whose values and philosophy melded so seamlessly with ours,” explained Ian Powell, principal of A.H. McElroy. “Both ISCO and A.H. McElroy strongly believe that service and training are the most successful avenue for the advancement of the polyethylene pipe industry.”