CMP Group Ltd, a leading manufacturer and distributor of marine products, announced that they have reached an agreement to acquire Grant Rope Inc. based in Trenton, ON, Canada. Grant Rope is a long-standing manufacturer of high-quality marine cordage and rope products. The deal closed on October 1st, 2021.
Grant Rope continues CMP’s strategy to grow its North American domestic manufacturing presence and strengthen its position in the recreational marine industry.
“We are very excited about the strategic fit between Grant Rope and CMP and believe there are many advantages and opportunities for our customers, supply partners and our team” states Don Hambly, President & CEO, CMP. “Grant Rope’s manufacturing expertise supports our plan to develop and launch domestically made premium rope products under the new ‘CMP Cordage’ brand that complement our existing rope products and support our growing marine business.”
Norm Grant, founder and owner of Grant Rope will remain with the combined entity to help ensure a smooth transition and support CMP’s growth plans. He commented, “This is a tremendous opportunity for Grant Rope and our customers. By joining forces with CMP, we will leverage the expertise and resources of CMP to take Grant Rope to the next level.”
About CMP Group Ltd.
CMP Group, headquartered in Vancouver, BC, creates products and services for the marine industry that allow people to enjoy time on and around the water. The Company has manufacturing operations in Vancouver & Toronto, Canada; Genoa, Italy; Suffolk, VA and Vadnais Heights, MN, USA and Ningbo, China. CMP’s product range extends from marine corrosion, dock products, ground tackle solutions to steering and controls. CMP’s respected brands include Martyr™ anodes, Dock Edge +® dock & boating accessories, Rocna® & Vulcan® anchors, Titan® Marine Products, Octopus® Autopilot Drive Systems, Intellisteer® Remote Steering Systems, Panther™, TROLLMaster™, and EZ-Steer® boating accessories and Seaguard® corrosion protection systems. In 2018, Ironbridge Equity Partners, Toronto, ON, acquired majority control of CMP Group. For more information, please visit www.cmpgroup.net.
About Grant Rope Ltd.
In 2008, after more than 20 years as a leader in the rope industry, Norm Grant founded Grant Ropes to manufacture and sell high-quality marine cordage products to cater to a more discerning consumer. Over the years, Grant Rope has established itself as a highly flexible and responsive provider of a wide range of top-quality marine cordage and related products.