MLA Dan Ashton chats with a Slimline employee after announcing a labour market study in 2016. The Penticton manufacturing company was sold last week for $7 million. Western News file photo

Penticton manufacturer sold to Kelowna corporation

Slimline joins Decisive Dividend group of companies

The new owners of Penticton’s Slimline Manufacturing say it’s going to be business as usual.

The Penticton manufacturer of agricultural equipment was acquired by Decisive Dividend for a base purchase price of $7 million.

“It will stay a Penticton-based company for sure. We think it’s a great company that has a great group of people working in Penticton,” said James Paterson, CEO of Decisive Dividend. “That’s not going to change.”

Paterson said former owner Kim Blagborne, who acquired the company in 1990, will be staying on for the near future. Slimline makes agricultural sprayers, sold around North America through its large dealer network, and wastewater evaporators which are sold around the world.

“We’re certainly very very excited about Slimline and its prospects. It’s a great little company. It’s got a phenomenal reputation in the industry,” said Paterson.

“We don’t see that changing and we just hope that we’re able to continue doing what it is that they’ve been doing in give them some opportunities for growth.”

Related: Province invests in labour market study for Penticton

Decisive Dividend also owns another Penticton company, Blaze King, and Paterson said the Slimline acquisition will assist the production capacity at Blaze King and support product lines at their Unicast Steel Foundry in Kelowna.

Paterson said they typically want companies to continue to run the way they’ve been running.

“So all of the existing employees are staying and they’re doing business as usual and then we try to exist them with growth opportunities,” he said. “Kim built a great little company. And we are big fans of Penticton, we think Penticton has lots of opportunities.”

Related: Slimline making international mark


Steve Kidd
Senior reporter, Penticton Western News
Email me or message me on Facebook
Follow us on Facebook | Twitter | Instagram

Just Posted

Kelowna classroom where child allegedly overdosed re-opens after cleaning

An 8-year-old was unresponsive and unable to walk after ingesting an unknown substance at school.

Video: Rain doesn’t deter Terry Fox runners in Salmon Arm

Dozens showed up to continue the Canadian icon’s marathon of hope.

Friends and family gather for Parkinson SuperWalk in Salmon Arm

Word on the street: How has Parkinson’s Disease affected you or your family?

Vote online to help light up the Larch Hills

Larch Hills Nordic Society competing for Kraft Heinz Project Play funding

VIDEO: Vancouver Island mayor details emergency response after fatal bus crash

Sharie Minions says she is ‘appalled’ by condition of road where bus crashed

Federal party leaders address gun violence after weekend shooting near Toronto

One teen was killed and five people injured in the shooting

Conservatives promise tax cut that they say will address Liberal increases

Scheer says the cut would apply to the lowest income bracket

B.C. VIEWS: Cutting wood waste produces some bleeding

Value-added industry slowly grows as big sawmills close

Fewer trees, higher costs blamed for devastating downturn in B.C. forestry

Some say the high cost of logs is the major cause of the industry’s decline in B.C.

Federal food safety watchdog says batch of baby formula recalled

The agency says it’s conducting a food safety investigation

Road block was costly legal battle for Summerland

Resolving Garnet Valley dispute took six years

UVic president offers condolences after two students killed in bus crash

‘We also grieve with those closest to these members of our campus community,’ Cassels says

Most Read