Savaria Corp. Buys Silver Cross Ottawa, Plans More Silver Cross Stores
- By Laurie Watanabe
- Aug 31, 2015
Savaria Corp., a Canadian manufacturer of automotive and home accessibility products, has purchased the Ottawa location of Silver Cross accessibility stores, which specialize in home accessibility products and used DME.
In an Aug. 27 news announcement, Savaria indicated the Ottawa acquisition was just the beginning.
“Savaria will pursue the opening of corporate Silver Cross stores in all key markets in Canada to complement our existing franchise locations,” Marcel Bourassa, CEO/president of Savaria Corp., said in the announcement. “With the success of our store in Oakville, it is clear that the rapidly growing seniors market wants what we over: great mobility products backed by excellent customer service. We will invest in more stores, including larger stores that will showcase more products, including home elevators and accessible vans. Our goal is to truly cater to the mobility needs of the aging population.”
Silver Cross currently has 16 franchise locations in Canada and the United States and two corporate locations in Ontario.
On Aug. 6, Savaria Corp. announced that the second quarter of 2015 was the best in its history, with revenue of $24.4 million. That’s more than 11 percent better than the company’s revenue for the second quarter of 2014.
Laurie Watanabe is the editor of Mobility Management. She can be reached at email@example.com.