CANADIAN GENERAL-TOWER ACQUIRES FRANCE’S ALKOR DRAKA INDUSTRIES AND MEDICAL TUBING AS PART OF GLOBAL GROWTH STRATEGY
Leading North American producer of coated fabrics and films announces the acquisition of European technical vinyl film and tubing producers, effective August 26, 2019.
CAMBRIDGE, ONTARIO | August 21, 2019 – Canadian General-Tower Ltd. (CGT), a leading global provider of coated fabric and film products and solutions, has announced the acquisition of France-based companies AlkorDraka Industries and Alkor Medical Tubing, specialists in the formulation of plastic films. CGT has successfully acquired the assets and retained the employees of both companies, serving as a further milestone in the company’s global growth strategy. Effective immediately, the new trade names for the European businesses will be CGT Alkor and CGT Medical Products.