An agreement has been reached between FlexLink and TOPS Conveyor Systems, Inc. of Burlington, Ontario, covering the acquisition by FlexLink of all shares effective May 31. The new company will operate as FlexLink Systems Canada, Inc. TOPS Conveyor Systems employs 30 people and net sales were $8.2 million (CAD) in 2005.
TOPS is the leading conveyor system supplier in Canada and provides solid knowledge in general application technology and has a well developed customer base. The acquisition is subject to approval by the authorities.