On June 28, 2007, Red Holdings Group, Inc., a company incorporated under the laws of the State of Florida, acquired all of the issued and outstanding shares of The Macyro Group Inc. for CDN$19,553,238. This acquisition was carried out by way of a merger between The Macyro Group and a single-purpose company: an indirectly-held subsidiary of Red Holdings Group, Inc. Under the articles of amalgamation, for each Macyro share they held, Macyro Group shareholders received a preferred share which was then redeemed for CDN$1.67 in cash.
Macyro manufactures and installs aluminium curtain-walls, panels, windows and doors for commercial and residential buildings.