M&A Deal Summary

Due North Acquires MTL Cool

On September 19, 2022, Due North acquired manufacturer MTL Cool for 23M USD

Acquisition Highlights
  • This is Due North’s 3rd transaction in the Manufacturing sector.
  • This is Due North’s largest (disclosed) transaction.
  • This is Due North’s 3rd transaction in Canada.
  • This is Due North’s 1st transaction in Quebec.

M&A Deal Summary
Date 2022-09-19
Target MTL Cool
Sector Manufacturing
Buyer(s) Due North
Deal Type Add-on Acquisition
Deal Value 23M USD

Target

MTL Cool

Chambly, Quebec, Canada
MTL Cool has specializes in the design and manufacturing of refrigerated displays for the grocery and food markets. With a global presence of over 15,000 stores and 50,000 units, MTL Cool has a reputation of designing products to enhance customer in-store sales and brand recognition.

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Buyer(S) 1

Buyer

Due North

Georgetown, Ontario, Canada
Category Company
Sector Manufacturing
Revenue 150M USD (2022)
DESCRIPTION

Due North operates in the refrigerated display market, with product offerings across the pet food, beverage, micro markets, and food sectors. The company leverages Internet of Things technology and its green cooling deck design to deliver a better total cost of ownership and superior product presentation for its customers. Due North is based in Georgetown, Ontario.

DEAL STATS #
Overall 3 of 3
Sector (Manufacturing) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Quebec) 1 of 1
Country (Canada) 3 of 3
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 QBD

Brampton, Ontario, Canada

QBD is a manufacturer of refrigeration products, glass door Merchandisers, sub zero beer coolers, open air merchandisers, display cases, cold room/walk-in panels, stainless steel/prep equipment, pharmacy coolers and custom capabilities. QBD was established in 1981 and is based in Toronto, Ontario.

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