Northfield Capital Corporation operates as an investment holding company. The company invests in companies operating in the glass, manufacturing, oil and gas, mining, and technology industries. In addition, the Company also carries on other traditional merchant banking activities, such as short-term investing.
Northfield classifies its investments into two categories: marketable securities and long-term investments. Marketable securities are investments in entities which are considered short-te...
Northfield Capital Corporation operates as an investment holding company. The company invests in companies operating in the glass, manufacturing, oil and gas, mining, and technology industries. In addition, the Company also carries on other traditional merchant banking activities, such as short-term investing.
Northfield classifies its investments into two categories: marketable securities and long-term investments. Marketable securities are investments in entities which are considered short-term in nature or are not viewed as a significant holding. Northfield Glass Group, Inc. (Glass Group or NGG), a wholly owned subsidiary of the company, carries on business in the glass industry.
NGG is a window, glass and glazing company that operates in Eastern Canada which specializes in the manufacture, sales and service of residential, industrial and commercial architectural vinyl and aluminum windows and doors, glass, mirror and related products.
NGG has two divisions: Economy Glass and City Thermo Plane.
Economy Glass: Economy Glass operates retail and service glass shops, dealing with the general public, commercial property owners and institutions. With stores in Dartmouth, Moncton and Fredericton, all three stores have walk in traffic, as well as service vehicles for larger repairs. The retail department has a large selection of products including glass, mirror, custom mirror framing, screens, plexiglas, lexan, custom shower enclosures, glass tinting and related accessories. These retail shops can manufacture a large range of glass and glass related products and also provide a repair service for everything from flashlight lenses to large boardroom table glass tops. The resale shops also do custom work for cabinet makers, boat builders and finish carpenters.
The service department can repair all of the products that Economy Glass sells, as well as products sold by competitors of Economy Glass. The service department offers: a large inventory of parts for new and old products to minimize the downtime of its customers; and a large fleet of approximately 50 service vehicles in Atlantic Canada, each equipped with qualified personnel and parts.
Economy Glass also operates as a contractor in the glass and aluminum storefront, curtain wall, skylites, and automatic door business. While Dartmouth and Fredericton handle their own smaller contract jobs, Moncton has a large contract and fabrication division that supports Dartmouth and Fredericton on large contracts. The contractor projects completed by Economy Glass range include the Casino Nova Scotia, Hilton Hotel in Saint John, the Room’s in St. John’s, Newfoundland, IWK Hospital in Halifax, Moncton Hospital and many Staples, WalMart and Sobeys type stores.
City Thermo Pane: City Thermo Pane operates as a manufacturer of construction products such as industrial and residential insulated glass units (IGUs or thermopanes); PVC windows and shapes; residential steel doors, garden doors, and French doors; as well as a distributor of flat glass. City Thermo Pane markets its products in the Atlantic Provinces as well as parts of Eastern Quebec.
History
The Company was incorporated in 1981 under the name Puissance Resources Limited and changed its name to Puissance Corporation in 1983. Further, the Company changed its name to Northfield Capital Corporation in 1987.