Belterra Corporation Completes Acquisition of Rematech Industries

Belterra Corporation Completes Acquisition of Rematech Industries

April 1st, 2021

Belterra announced today the acquisition of 100% of the shares of Rematech Industries and its subsidiaries.
Rematech, founded in 1964, has been a leader in conveyor belting, rubber and urethane molded products and
corrosion and abrasion resistant lining products and services through it’s three locations in Sudbury, Thunder
Bay and Mississauga, Ontario.

Belterra has provided expert conveyor belt and material flow handling solutions and services since 1969.
Originating out of British Columbia, Belterra currently has 20 locations across Canada and employs the largest
field service team in the country.

“We are so excited to be joining forces with the team at Rematech. This merger will significantly strengthen
our position in Ontario and greatly enhance our ability to service our customers in that region and right across
the country” explained Janice Stasiuk, President and CEO of Belterra. “This acquisition is instrumental in
meeting our goal of delivering the optimum conveying solution at the right time with safe and trusted
products, processes and people to help our customers reduce downtime and improve operating efficiencies.”

“We have been growing our business by providing quality service, products and solutions while being loyal
and ethical to our stakeholders.” Commented Ivo Beljo, President of Rematech Industries. “Joining Belterra
will ensure that we remain true to our values while increasing opportunities for our employees and benefits
for our customers. We will instantly gain access to a national distribution network and we’ll have the
resources to tackle any projects regardless of size, scope or location. We are excited to join a great team and
we’re looking forward to the next 57 years.”