12:17 PM EDT, 09/02/2025 (MT Newswires) -- ADF Group ( ADFJF ) on Tuesday said it signed a deal to buy Quebec-based Groupe LAR for $19 million in cash and shares.

The company, which manufacturers steel superstructures, said LAR specializes "in the design, manufacture and installation of mechanically welded steel structures", as well as overhead crane products for heavy industry.

Groupe LAR generated $80.9 million in revenue for the fiscal year ended December 31, 2024, and had an order backlog of $104.5 million as at July 31, 2025.

"We truly believe that this transaction will create significant synergies between our two groups, will have a positive contribution to ADF's net income and will diversify ADF's offering in the context of U.S. tariff threats, while allowing to maintain 200 well-paying jobs in the greater Saguenay-Lac-Saint-Jean region, and even grow this number," said chief executive Jean Paschini.

ADF Group ( ADFJF ) was last seen up $0.31 to $8.96 on the Toronto Stock Exchange.

Price: 8.96, Change: +0.31, Percent Change: +3.58