Topic: How To Invest

Power Growth Investor Hotline – Friday, February 4, 2022

Article Excerpt

WAJAX CORP., $22.55, is a buy. Through their shares, investors benefit from the company’s (symbol WJX on Toronto) sales and servicing of cranes, forklifts and other heavy equipment. Wajax also provides related parts and systems such as ball bearings, hoses, diesel engines and transmissions. The company’s customers are spread across the resources, construction, manufacturing and transportation industries. Wajax is now buying the assets of Thunder Bay, Ontario-based Process Flow Systems Ltd. The purchase price is $3.96 million, plus a three-year performance-based payout of up to $650,000. Founded in 1985, Process Flow is a specialist provider and engineered integrator of industrial process pumps, valves, and monitoring and control systems. It serves customers in a range of industries: mining, pulp and paper, water and wastewater management, and energy generation. Process Flow operates one branch location. Wajax believes that Process Flow brings long-established customer and supplier relationships, and a team highly regarded for their technical expertise and customer service. As well, the addition of Process Flow will…