A report in the Ottawa Citizen said Canada steel fabricator Canam Group is strengthening its ties with Asia. The company, based in the Beauce town of St. Georges, Quebec, said recently its Technyx division has bought the assets and trademark of InteliBuild Ltd. of Hong Kong. InteliBuild is best known for its consulting services in Asia, China and the Middle East. The new company formed from the acquisition will operate as InteliBuild Technyx Asia, a joint venture in which Canam will hold a majority stake. Canam, a major producer of steel joists and other building products, did not disclose the cost of the acquisition.
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