Canadian armored vehicle maker Roshel Inc. Has announced it will acquire the Stellantis assembly plant in Brampton, Ontario. The deal was confirmed by both companies on Monday. The purchase price remains undisclosed.
Roshel Inc. Specializes in manufacturing armored vehicles and has previously operated under the name Roshel Defense. The Brampton plant, which is part of the Stellantis group, has been used for automotive production. The acquisition is expected to expand Roshel’s manufacturing capabilities.
This marks a significant move for Roshel, which has been growing its presence in the defense and security sectors. The acquisition comes as global demand for armored vehicles increases, particularly in regions affected by conflict and instability. The Brampton plant’s location and infrastructure are seen as strategic assets for Roshel’s expansion plans.
The deal is expected to create jobs and boost local economic activity in the region. Details on the timeline for the transition and future operations have not yet been released. The acquisition reflects broader trends in the automotive and defense industries, where traditional manufacturers are diversifying into specialized sectors.
