In 2014 a majority share of Cantak was sold to the Japanese steel trading house Metal One which is part of the Mitsubishi group of businesses. With the new financing opportunities along with Metal One’s proprietary connections and mill access Cantak is looking forward to thriving and growing in the Canadian Market.
Roger’s son Allan moved to Calgary to be involved in the business and after 8 years took the over as president in 1988. Roger passed away in 1990 but the company remained with the Cheng family. In 1992 the company was re-branded to Cantak Corporation.
C. T. Takahashi opened the Calgary office in 1960 and the following year Roger Cheng purchased a minority share in the company. In 1976 Mr. Cheng purchased 100% of the company which was then going by Canadian Takahashi Ltd.
In 1950 C.T. Takahashi Inc., an import-export company based in Seattle and Tokyo, opened an office in Vancouver to gain access to the Canadian market. The office was managed by Roger Cheng and by 1953 C.T. Takahashi Inc. entered the pipe sector as the first business to import Japanese OCTG in to Canada. A key supplier at this time was Tokyo-based NKK corporation which now operating as JFE continues to be an important supplier to Cantak.