Sto Corp. Announces Parent Company’s Investment in SkyRise Prefab Building Solutions
Sto Corp., the innovative leader in full system facades, prefabrication, air barriers, coatings, and restoration solutions announced today 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.”