The acquisition of Arzon, located in Burlington, Ontario, was made through Virtus subsidiary STP Holdco and comes at a time when companies are moving to diversify in favor of local suppliers in an effort to increase supply chain security.
Investors in Virtus include Ares, metals industry investment specialist Drakewood Capital Management and commodity and basic industries asset management firm Ospraie Management.
According to David Lilley, Drakewood founder and chief executive officer, the economy...
