MTL Cool acquired by Due North

Chambly, QC-based MTL COOL has been acquired by Due North, a newly-created operating company of QBD and Minus Forty.

MTL COOL offers customized refrigeration systems, including inline horizontal open-air coolers, horizontal sliding glass lid coolers & freezers, vertical open-air coolers and endcap solutions. The acquisition allows Due North to diversify its product lineup for the retailer, and food and beverage markets.

Due North was formed in 2021 by Ronin Equity Partners when it acquired and merged QBD and Minus Forty. The company has locations in Georgetown and Brampton, ON and manufactures refrigerated display cases for a variety of industries including grocery, foodservice and convenience stores.

Due North