Norea Capital has acquired a majority stake in Metalunic, a Les Coteaux, Quebec-based manufacturer of metal panels for siding and roofing. The deal allows three members of Metalunic's management team to become minority shareholders. No financial terms were disclosed.

Founded in 2000, Metalunic serves residential, commercial, industrial, and agricultural markets across Canada and the United States. The company, led by president Nicholas Nickoletopoulos, employs about 50 people and has significantly increased U.S. sales in recent years.

Norea Capital president Luc Ménard cited Metalunic's strong organic growth in Quebec and its strategic partnerships in the United States. The company's Metalunic Design® line has achieved significant commercial success. With a housing shortage across North America, Norea sees an opportunity to accelerate Metalunic's expansion in the multi-residential market.