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Dexter Axle Co. has agreed to acquire IMT's light-, medium-, and heavy-duty axles business, including the Ingersoll Axles division in Ontario and Indiana, and the light-duty Axles division of IMT Standen's in Alberta. The transition is expected within weeks.
Dexter, a DexKo Global Inc. company, has agreed to purchase the heavy duty axle and suspension manufacturing assets of Ingersoll Axles and the light duty axle manufacturing assets of Standen's from the IMT Group. The transaction includes locations in Ingersoll, Ontario; Calgary, Alberta; and Indianapolis, Indiana.