Dear Nitrex Community,

At Nitrex, the safety and well-being of our communities, employees, our customers, suppliers and stakeholders is always our priority. We recognize the important role we play in providing our Nitrex Heat Treating Solutions through our three divisions – Nitrex Turnkey Systems, Heat Treating Services, United Process Controls – including our new colleagues from G-M Enterprises, during this critical time. We are actively monitoring the COVID-19/Coronavirus situation and taking steps to help keep our communities safe. Herein, we share with you the steps we are taking.

Aligning with public health authorities

We have established a team dedicated to respond to this pandemic and have prepared Business Continuity Plans to ensure the continuation of products, services and customer support. We are closely monitoring updates regarding COVID-19 from global organizations such as the World Health Organization as well as various public authorities in each of the regions we operate. We continue to seek guidance from these agencies, public health officials and government agencies on an ongoing basis.

Protecting the Nitrex community

As our employees interact with customers, suppliers and the general public, we have taken steps to limit exposure to the virus. Strict restrictions were put in place on both international and domestic travel, limiting visitors inside our facilities, cancelling large-scale event attendance, reducing face-to-face meetings to a minimum, providing work-from-home solutions, and continue to reinforce safe behavior in every environment – from our industrial plants, sales offices to our administrative offices, we are promoting deep-cleaning and routine disinfection.
Similarly, Nitrex has designated a COVID-19 ‘Point Team’, consisting of our top global leaders, who come together daily to discuss new efforts and best practices to effectively minimize exposure risk while also maintaining safe business operations.

Assisting our employees

We are in daily communication with our employees reminding them about the importance of good hygiene, providing health education and support whenever needed. We encourage employees who feel ill to stay at home and we have specific quarantine and communication procedures in place should an employee be diagnosed with COVID-19 or is asked to self-isolate by public health authority. Moreover, Nitrex provides comprehensive benefit packages to support employees during this period.

Our commitment to our customers and our communities

Our dedicated team around the world remains fully committed to continue working and supporting our customers during this period of uncertainty. While we are encountering a variety of challenges with travel restrictions and social distancing, our engineers and sales people are readily available to assist customers remotely over various communication channels. Similarly, we’ve done our best to stock up on products and parts that you may need. Our After-sales support experts are at customer disposal and will continue to facilitate customers with spare part orders and product maintenance support.

The role Nitrex plays in the industry, in our customers’ supply chain and in our employees’ families are very important in times like these. We are managing this situation with the same strength, attention to details and diligence we put in our products and services every day.

As always, thank you for working with Nitrex and your continued trust as we manage through this time together.

Sincerely,

Jean-François Cloutier
CEO

NITREX and G-M Enterprises


January 9, 2020

Montreal, Canada – On January 8, 2020, Nitrex, a Novacap portfolio company and the lead provider of fully integrated heat-treating solutions and technologies globally, acquired G-M Enterprises, a strong player in the vacuum furnaces market, headquartered in Corona, California.

The acquisition is in line with Nitrex’ strategy to further expand its integrated heat treatment solutions offer to customers while strengthening its products portfolio. For the past 30 years, G-M Enterprises has earned the reputation as a leading technological supplier of vacuum furnaces solving challenges for customers in the aerospace, power generation, energy, MIM sintering, and commercial heat-treating industries. The acquisition represents a great fit with Nitrex, as both share the same goal of providing technologies that improve customer workflow and efficiency while maximizing the life span and quality of engineered parts and components. 

“This acquisition will allow Nitrex to bolster its turnkey solutions business by bringing a new, innovative and broader mix of heat treatment systems to our customers,” said Jean-Francois Cloutier, Nitrex CEO.

“G-M Enterprises is a strong performer in the vacuum furnaces market. The company has an outstanding growth opportunity and under Nitrex, we will build on that potential even further, using our global customer base and service footprint. We also look forward to welcoming the entire G-M Enterprises’ team into the Nitrex family,” continued Jean-Francois Cloutier.

“At G-M Enterprises, we are always looking for new ways to provide customers with the best services and product offerings. Joining forces with Nitrex and becoming part of its family of companies will ensure we keep pace with our customers’ evolving needs and expectations,” says Suresh Jhawar, G-M Enterprises President. “What this means for the future of G-M Enterprises is an opportunity to enhance our products and services, expand our international presence further by leveraging the resources, expertise, and capital of Nitrex. These advancements will deliver more value to our customers for years to come,” added Suresh Jhawar.

Visit www.nitrex.comwww.novacap.ca and www.gmenterprises.com for further information.

About Nitrex:

Nitrex (www.nitrex.com; www.group-upc.com) is the lead provider of fully integrated heat-treating solutions and technologies globally. The company was founded in 1984 in Montreal, Canada and operates three business units – Nitrex Turnkey System (NTS) a leader of turnkey nitriding and nitrocarburizing systems; Heat Treating Services (HTS) a worldwide network of commercial heat-treating service centers; and UPC, a leading provider of controls upgrade and automation solutions for heat treating and combustion. Nitrex serves its customers globally from 14 locations across the United States, Canada, Mexico, Brazil, Germany, Poland, Italy, France, China, Japan and through a global network of representatives and licensees. 

About NOVACAP:

Founded in 1981, Novacap is a leading Canadian private equity firm with $3.6 billion of assets under management. Its distinct investment approach, based on deep operational expertise and an active partnership with entrepreneurs, has helped accelerate growth and create long-term value for its numerous portfolio companies. With an experienced management team and substantial financial resources, Novacap is well-positioned to continue building world-class businesses. Backed by leading global institutional investors, Novacap’s deals typically include leveraged buyouts, management buyouts, add-on acquisitions, IPOs, and privatizations. Over the last 38 years, Novacap has invested in more than 90 companies and completed more than 130 add-on acquisitions. The company has offices in Toronto, Ontario and Brossard, Quebec. For more information, please visit www.novacap.ca.

Nitrex, a lead provider of fully integrated heat-treating solutions and technologies globally, acquired G-M Enterprises, a strong player in the vacuum furnaces market, headquartered in Corona, California.
Pictured in the photo from left to right are: Mrs. Veena Jhawar, G-M Enterprises COO; Mr. Jean-François Cloutier, Nitrex CEO; Mr. Suresh Jhawar, G-M Enterprises President