Wiarton, ON-based Caframo has acquired new dealers and distributors in Hungary, China, Hong Kong and Singapore.
Genuine Marine will distribute Caframo products in China, Storm Force Marine will distribute for the company in Hong Kong, and Marintech Marketing and Maritime Hajosbolt will distribute in Singapore and Hungary.
“This is an expansion of our network,” describes Elliott Good, Marketing and Sales Manager for Caframo. “We've been developing our export market for the past three years and we're seeing the fruits of those efforts.”
Good attributes the company's presence at shows such as METS in Amsterdam, Netherlands, as enabling it to form relationships with overseas companies and acquire them as new business partners. “We've been investing in attending the METS show trying to develop new distributor relationships,” says Good. “This will be our fourth METS show this fall. Our business has grown while the industry is struggling. We find people at the METS show are ready to do business, whereas at some of the North American shows there has been much less enthusiasm.”
According to Good, half the products being distributed in the newly signed countries are manufactured in Canada. He says Caframo now has a presence in approximately a dozen countries around the globe.
Good also revealed that the company is looking to expand its presence in the Mediterranean. As a manufacturer of airflow products, the company is focusing on growing its business in warm weather locales.