M&G Group, owners of M&G DuraVent Inc. (“DuraVent”), has signed an agreement to purchase Security Chimneys International Limited (“Security”) from Comvest Investment Partners IV, L.P. and Innovative Hearth Products. Security, With a 104 800 square-foot facility in Laval, QC, is a manufacturer of venting products and accessories for residential and commercial applications in both Canada and the U.S. Brooks Sherman, president and CEO of DuraVent, said, “We are very excited about the addition of Security, which will serve to expand DuraVent’s market leading position of innovative products for the venting of residential and commercial appliances of all kinds. In particular, Security has recently made significant investments to further develop their commercial venting systems, which has excellent potential for future growth. This acquisition further demonstrates DuraVent’s commitment to provide customers with technologically advanced chimneys and Complete Venting Solutions. Security will continue to serve all the venting needs of its customers in both the US and Canada under their well-established brand names including Security Chimneys and Oliver MacLeod.”
