Aeroflo Inc., the Ontario, Canada based air-movement equipment manufacturer, announced that current shareholder Peter Grant will become the sole owner of the company, as shareholder Victor Afanasiev is retiring. Mr. Grant will also become the sole owner of Continental Fan Manufacturing Inc. (Buffalo, NY, U.S.).
Since 1986, Mr. Grant and Mr. Afanasiev have co-owned Aeroflo and Continental Fan, helping the companies grow into an industry provider of ventilation and air-movement products and industrial fans.
According to written statements, the companies said they are pleased with their new leadership. "Mr. Grant is committed to maintaining the leadership position and to pursue new opportunities to grow the business, offer new challenges and rewards for the company, its employees, suppliers, and customers," said one statement put out by Aeroflo.
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