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

West Kelowna house fire demonstrates danger posed by candles

West Kelowna Fire Rescue says an unattended candle caused the Sunday afternoon fire.

Rutland’s annual Christmas light-up brings the community together

The event is being held from 1 to 6 p.m. at Plazza 33 and Roxy Square

Chris Griffin to headline Cool Ranch Comedy’s last show of the year

The event will take place at Fernando’s Pub on Dec. 11

Rockets extend point streak to eight games with shootout win over Blades

Rockets’ Ethan Ernst scored the shootout winner

Brain injury from domestic abuse a ‘public health crisis,’ says B.C. researcher

Nearly 80% of the domestic violence victims who reported to police last year were woman

VIDEO: SNL skewers Trudeau’s mockery of Trump in high school cafeteria sketch

The three world leaders won’t let Trump sit at the cool kids’ table

B.C. universities post $340 million worth of surpluses thanks to international student tuition

Students call for spending as international enrolment produces huge surpluses at many universities

Conservatives urge Morneau to deliver ‘urgent’ fall economic update

Morneau says the first thing the Liberals plan to do is bring in their promised tax cut for the middle class

INFOGRAPHIC: How much money did your local university or college make last year?

B.C. university and colleges posted a combined $340 million surplus in 2018/19

B.C. creates $8.5M organization to improve safety for health care workers

Group will bring together unions, province, health care organizations

Kovrig clings to humour as ‘two Michaels’ near one year in Chinese prison

Their detention is widely viewed as retaliation for Canada’s arrest of Chinese high-tech scion Meng Wanzhou

Slippery sections reported on Okanagan and Shuswap highways

Some sections of the Trans-Canada highway have black ice on them.

B.C. VIEWS: An engine that hums right along

First Nations are leading a new surge of investment in B.C.

Most Read