We are happy to announce that the Pothole Patcher product lines (Python 5000 and SR 6000) have been purchased by Smart Air Chamber Inc. The newly-formed, Regina-based company being created by this purchase will take the SuperiorRoads name.
Dr. Kyungwon Yun, CEO of Smart Air Chamber and the new SuperiorRoads Solutions and Python Manufacturing, is excited about this new opportunity. He says, “Our company purchased several Python 5000s over the past couple of years, and recognized their great potential.” And when company officials came to visit the manufacturing plant in Regina, they became enthusiastic about Regina as a good place to do business.
Smart Air Chamber has made innovative and cutting-edge technological breakthroughs in crash cushion impact protection for roads, work zones and monitoring systems. It currently manufactures Truck Mounted Attenuators and Air Cushion Barriers for roads, and provides Road Safety Management & Monitoring services.
The new company has taken on both the product line and many of the people from the existing company, who have been working to create this innovative road repair equipment. As a result of the sale, no jobs will be lost and new jobs will be created.
The existing SuperiorRoads Solutions and Rite Way Mfg. were jointly-owned by a group of investors headed by a management group along with Golden Opportunities Fund and Business Development Bank. It will be business as usual for Rite Way Mfg., and the remaining employees not moving to the new company, along with the sweeper product line, will continue on with Rite Way Mfg.
Heather Forbes, who is President and CEO of the current SuperiorRoads Solutions and Rite Way Mfg., predicts growth for both the new and existing companies. She says, “Rite Way is growing, and is expanding its market. This will give us the opportunity to focus on the farm equipment industry and continue our growth pattern.”
Both Yun and Forbes are focused on expansion here in Saskatchewan and building for both the roads and the agricultural industries.
For more information, contact: info@superiorroads.com
