Sinclair Range, on behalf of SRI Distressed Asset Fund I, LP, is pleased to announce the acquisition of the first secured debt, related security and all of the share capital of the Novanni Group of companies, including Novanni Stainless Inc., its land and building as well as neighbouring real estate in Coldwater, Ontario.
Started in 1959, Novanni Stainless is a proud Canadian manufacturer of first in class stainless steel sinks, strainers and related products for residential and commercial applications. The company operates from its 43,000 sq. ft. facility and employees 50 workers.
Scott Sinclair has been appointed President of the Novanni Group of companies.