Industrial products and service provider Wajax Corporation has purchased Thunder Bay-based Process Flow Systems Ltd.
Mississauga-based Wajax says it’s acquiring Process Flow’s assets for about $4 million cash, plus a three-year performance-based payment of up to $650,000.
Founded in 1985, Process Flow supplies industrial pumps, valves and monitoring and control systems.
It serves a wide range of industries including mining, pulp and paper, water and wastewater management, and energy generation.