Economic Development Newsletter Summer Edition - Ingersoll

In this issue:
IMT Acquires Standen’s
Verspeeten Cartage Acquires Moe’s
IPB Purchases Rapida 106 Press
Hear More Comes to Ingersoll
Anytime Fitness a Great Fit
Pita Pit Offers Healthy Alternatives
Rietta’s Décor & Design to Relocate
A Brand New Welcome to Town
Strong Residential Permit Growth
Continues in 2014
IMT Aquires Standen’s
IMT has announced their acquisition of the Calgarybased manufacturing firm Standen’s. With a legacy and
reputation equal to IMT’s, Standen’s is internationally
recognized as a leading supplier of leaf springs, tillage
tools, axles and light suspension systems for the
transportation, agricultural and defence industries.
Standen’s existing manufacturing services will fall
under the Transportation Group of IMT’s corporate
umbrella. With Dean Davenport acting as the
president of the Transportation Group, the company is
poised to continue building its legacy as a recognized
supplier of quality products.
By bringing Standen’s under its corporate umbrella,
IMT will see its product line expand to offer customers
complete solutions for their axle and suspension needs.
“The synergies between IMT and Standen’s are
staggering,” states a press release from IMT. While
IMT manufactures air suspensions and heavy duty
axles, Standen’s offers customers spring suspension
and light duty axle options.
The announcement, made public this January, ushers
in a major year in the company’s history. Established in
1914, IMT celebrates its 100th anniversary this year.
In addition to offering customers a complimentary
product line, Standen’s will also add its 3
manufacturing facilities and 5 distribution centres to
the IMT portfolio. As part of the acquisition deal,
www.imtcorporation.com
Verspeeten Cartage Acquires Moe’s Transport
Verspeeten Cartage, which celebrated 60 years in
business in 2013, has announced their company’s
purchase of Moe’s Transport Trucking. The deal,
announced in late January, will see Verspeeten’s
transportation services expand to include the Windsorbased Moe’s existing fleet of 350 tractors and 690
trailers. “The purchase of Moe’s fits well into our
existing business segment,” said Ron Verspeeten,
president of Verspeeten Cartage. With a shared
customer base, Verspeeten says that the acquisition
should “strengthen and increase current capacities.”
Established in 1953, the family owned and operated
Verspeeten Cartage is committed to providing quality
transport services for their customers. With the
addition of
Moe’s Transport
Trucking to the
Verspeeten
Cartage
portfolio, the
Ingersoll-based
company will
continue to
grow its
reputation for providing high quality service, on timeevery time. “We are very excited to work with Moe’s
management and staff,” remarks Verspeeten.
www.verspeeten.com
Ingersoll Paper Box Purchases Rapida 106 Press
Currently, the pharmaceutical industry accounts for
75% IPB’s project base, with food, consumer and other
healthcare industries accounting for the remaining
25%.
The Rapida 106, along with the Masterwork
MK420Q, purchased by IPB in the fall of 2013, will
ensure that the 4th generation family-owned company
continues to meet its clients’ expectations for
innovation and excellence.
The new Rapida 106 press was installed this spring. To
celebrate the occasion and to showcase the company’s
expanded capabilities, Ingersoll Paper Box hosted an
open house for the public.
www.ipb.on.ca
Ingersoll Paper Box (IPB) has recently announced their
purchase of a KBA Rapida 106 press. The Rapida 106
machine, manufactured by the Koenig & Bauer Group,
offers multiple production options in a single press. In
addition to its ability to allow in-line colour control and
intricate 7-colour design processing, the Rapida 106
also allows for the application of UV and other
speciality coatings during production. “It gives us
added capabilities and will broaden our customer
base”, says Sarah Skinner, Managing Director of IPB.
Hear More Comes to Ingersoll
Anytime Fitness a Great Fit
As of May, there is a new hearing healthcare provider
in Ingersoll. Delivering exceptional treatment for
hearing loss in a comfortable and caring environment,
Ingersoll’s Hear More Canada, operated by local
resident Allison Seguin, officially opened the doors to
its 99 Thames Street South location this spring.
Come October, residents will be able to sweat it out at
Anytime Fitness’ brand new 6,000 square foot Ingersoll
location. Operated by franchisees Brian and Lisa
Bazely, Ingersoll’s Anytime Fitness is already accepting
members and is poised to break the company’s
Canadian pre-registration membership record.
Seguin, Hearing Instrument Specialist at Hear More
Canada, is focused on delivering the best possible
patient care to each client, including existing hearing
aid users. Each client can be assured that Sequin
brings her extensive experience to assessing their
needs and fitting them with a hearing aid if required.
She recognizes that each client that walks through the
door has a different lifestyle and hearing history, and
so requires individualized care.
With Anytime Fitness franchises in Kitchener,
Cambridge, and nearby Tillsonburg, the Bazelys felt
that Ingersoll was the right fit for their next location.
Located at 111 Charles Street East, Ingersoll’s Anytime
Fitness location will be the Bazelys’ largest yet.
“As a local resident for the past 18 years, it’s a great
honour to provide hearing healthcare to fellow
residents and the surrounding communities,” says
Seguin. “We’re embracing the warm welcome we have
received since opening our doors, and are looking
forward to helping our clients live more through better
hearing.”
The 6,000 square foot facility will feature amenities
such as a TRX suspension training area, a 1,300 square
foot free weight area, a 24 hour virtual studio, private
restrooms and televisions. But the studio’s high-end
amenities and 24 hour access are only a few reasons
why members enjoy the club; the Bazelys’ members
say that their employees’ attitudes and club culture are
contagious, which helps to keep them motivated and
involved.
www.anytimefitness.com
www.hearmore.ca
Pita Pit Offers Healthy Alternatives
Offering healthy mealtime options, Pita Pit opened its
doors to the community in March of 2014. The
restaurant, located on Culloden Road, is owned and
operated by franchisee Kim Heutinck.
With a Pita Pit in Tillsonburg and another set to open in
Woodstock, Ingersoll was a natural location for a third
franchise. “Ingersoll is close to the other stores and is
also close to family and home,” says Heutinck. “This is
a family run business, so being close to family was a
very big part of our choice to open in Ingersoll.”
The restaurant, housed in a newly constructed
commercial building, is located on Culloden Road, near
Highway 401. Well-situated to serve the community, as
well as visitors traveling on the nearby highway, Pita
Pit is the latest offering in a growing commercial region
in Ingersoll on the borders of Highway 401.
With a motto of “Fresh Thinking – Healthy Eating”, Pita
Pit is committed to offering its customers healthy
mealtime alternatives.
www.pitapit.com
Rietta’s Décor & Design Centre
to Relocate
After a year in business at her 124 Thames Street
South location, Rietta Demeester of Rietta’s Décor &
Design Centre has announced that her store will be
moving to 25 King Street West in Ingersoll. The move
will enable the business to expand its space.
Purchased by Rietta and her husband Richard, the 25
King Street West property is being redeveloped to
provide the additional floor space necessary to
showcase the variety of products that the store is
known for. The renovations will see both floors of the
property redeveloped in order to make room for the
new décor and design centre. When completed, the
renovations will see nearly 10,000 square feet of our
downtown retail area updated and repurposed.
Involved in the painting and interior decorating field for
over ten years, Rietta purchased the Ingersoll
Benjamin Moore store to offer her clients a wide range
of decorating advice and home decor options. The
store sells Benjamin Moore Paint, designer wall paper,
Hunter Douglas, Shade-o-Matic and Eclipse window
treatments and shutters, lighting, as well as home
decor and art.
Rietta’s Décor & Design Centre will continue to serve its
customers from its current location until renovations on
the King Street West property are completed.
Customers can expect to shop at the store’s new
location sometime later this fall. Rietta and her staff
look forward to seeing you at their new location.
A Brand New Welcome to Town
Visitors and residents returning to Ingersoll are being
greeted by the sight of new entrance signs. Placed
strategically on main routes in and out of town, the
signs feature the town’s new logo, motto, and colours.
The new entrance signs and accompanying service club
signs were designed by Banner Promotions of
Dorchester. The entrance signs are designed to feature
a removable panel that can be changed out to
advertise festivals and events around town. The new
service club signs will feature the logos of participating
organizations and will help to create awareness about
the clubs that serve the Ingersoll community.
Three of the five signs were installed this winter, with
the final two signs installed this summer. The signs can
now be viewed on Culloden Road, Charles Street East,
King Street West, Bell Street and Harris Street.
Strong Residential Permits Growth
Continues in 2014
After a colder than normal winter, the number of
residential permit applications submitted continues to
grow throughout 2014. The number of singledetached home permits issued between the JanuaryJuly period of 2014 is greater than the total number of
similar permits issued in 2013. With strong
momentum carrying into the second half of 2014, we
hope the trend will continue for the balance of the
year.
Economic Development
Town of Ingersoll
130 Oxford Street, Ingersoll, Ontario N5C 2V5
Tel.: 519-485-0120
Fax: 519-485-3453
www.ingersoll.ca