Canadian manufacturer of mast climbing work platforms, Fraco Products Ltd, has recently concluded an agreement to partner with Krister Kempainen, former CEO of the Swedish company Alimak AB, regarding the manufacturing in North America of construction elevators and industrial lifts.
Armand Rainville, president of Fraco and Kempainen, who has extensive expertise in the access systems industry and its equipment, as well as international markets, were in discussions for more than two years, seeking the ideal formula to achieve their mutual interest in a strategic alliance.
Mr. Rainville agrees that this partnership allows Fraco to take firm and permanent position in a market which he has sought to enter for the last six years. "To be associated with an expert such as Krister is a real dose of incredible adrenaline for Fraco’s employees. This partnership is a huge step forward for Fraco and is consistent with the strategic plan put forward for the economic recovery,” said Rainville.
"The presence of Fraco in natural markets for construction elevators and industrial lifts will greatly facilitate the return of Swedish technology in North America. I have been in Quebec for a month and I see daily the huge market potential,” said Kempainen.
These new access systems will be fully manufactured at Fraco’s facilities located southeast of Montreal. They will include raw materials and components from North America. This equipment will be commercialized under the brand Fraco and will be available for purchase and rental.