Sto Corp. Announces Parent Company’s Equity Investment
Sto Corp. has announced that its parent company, Sto SE & Co. KGaA (Sto), via a newly formed holding company ‘Sto Panel Holding GmbH’, will make a significant equity investment in SkyRise Prefab Building Solutions, Inc. (SkyRise), Pickering, ON, Canada.
Rainer Huttenberger, Spokesman of the Sto Executive Board said: “We see SkyRise as an excellent partner to develop our future pre-fabrication activities as it pertains to the world-wide need for quality, speed and innovation in construction. We believe this investment allows SkyRise to focus on growth, and Sto to deliver superior value in products, process and innovation.”
SkyRise, a Sto Panel Technology affiliate, has from the very beginning leveraged its industry knowledge with Sto’s most modern products such as EcoShapes Vintage, StoCreativ Granite and Stolit Lotusan to achieve significant growth in just a few years.
SkyRise will continue to focus its efforts in the Canadian market alongside their continued participation within the Sto Panel Affiliate network.
SkyRise is managed by an industry leading management team led by Sean Greene, Joe Aprile, John Sopta and Vasily Zadorojnyi.