PRESS RELEASE The Regency Group Announces its third investment in the manufacturing industry Vancouver, British Columbia (August 1, 2016) – TRG Capital Corp. (a member of The Regency Group) is pleased to announce the acquisition of a controlling stake in the Melet Group, which includes Melet Plastics Inc. (with operations in Winnipeg, MB), Melet Plastics Corp. (with operations in Fargo, ND) and Ambutech Inc. (a division focused on mobility products for the blind and low vision). TRG Capital Corp. has also acquired the real estate assets of the Melet Group comprising of manufacturing facilities located in Winnipeg, MB and Fargo, ND totaling over 80,000 SF of manufacturing space. The company will continue under the existing management team, led by Mr. Bill Fenton who will retain the role of President & CEO.
“Our long term growth plan is to become a leading provider of engineered plastics and composite solutions to both the North American and global markets. With The Regency Group behind us, we feel as though we have the financial backing to execute on our plan,” Bill Fenton said in a statement.
The Melet Group has been owned and operated by Mr. Edward Shinewald for over 30 years and The Regency Group is thankful to have the opportunity to carry on his legacy. “We are excited at the prospects of partnering with Bill and his team in order to further the vision Mr. Shinewald has set for Melet over these past 30+ years. We are confident that Melet and Ambutech are going to be a great platform from which we can further grow the business for many years to come,” said Aleem Ahamed, Managing Director at The Regency Group.
About The Regency Group
With over $175 million in assets under management, The Regency Group – traditionally focused on real estate investments and retail automotive in British Columbia – continues to diversify its investment portfolio and builds on the manufacturing base it currently holds in southwestern Ontario, Canada. Including this acquisition, The Regency Group has now accumulated companies with a footprint of over 135,000 SF in manufacturing floor space.
Melet Plastics Inc. Bill Fenton President & CEO (204) 654-8433 BFenton@meletplastics.com
The Regency Group / TRG Capital Corp. Aleem Ahamed Managing Director (604) 879-8411 AleemA@regencygroupcda.com