Contrans Completes Sale of Waste Collection Segment to GFL Environmental Inc.

WOODSTOCK, ON, May 1, 2014 /CNW/ - (TSX:CSS) Contrans Group Inc. today announced that it has completed the previously announced sale of its wholly owned subsidiaries Tri-Line Disposal Inc. and Deuce Disposal Ltd. to GFL Environmental Inc. Tri-Line Disposal Inc. and Deuce Disposal Ltd. are leading waste collection companies in Edmonton and Slave Lake, Alberta respectively and were operated by the Company as a segmented business unit. The proceeds from this sale, which are subject to working capital adjustments, are expected to approximate $72,000,000.  Since Contrans Group Inc. operates on a highly decentralized basis, the sale of these subsidiaries will not affect the manner in which the Company operates its other business units.

Contrans has been providing freight transportation services as a publicly-listed company since 1985. With approximately 1,400 power units and 2,600 trailers under management, Contrans is one of the largest freight transportation companies in Canada.

SOURCE Contrans Group Inc.

For further information:

Stan G. Dunford, Chairman and Chief Executive Officer, or
Gregory W. Rumble, President and Chief Operating Officer
Phone: 519-421-4600 - E-mail: info@contrans.ca - Web site: www.contrans.ca