WOODSTOCK, ON, Jan. 5, 2012 /CNW/ - Contrans Group Inc. announced today
that it has acquired a dry-bulk trucking business, operating under the
name of Wilburn Archer Trucking, located in Norwood, Ontario. Since
1994, the business has provided specialized transportation services
using pneumatic tanks and hopper trailers. It is expected that this
acquisition will produce annual revenue of approximately $14 million.
"There are relatively few opportunities to acquire dry bulk trucking
businesses in Ontario," stated Contrans' Chairman and Chief Executive
Officer Stan Dunford. "We are pleased to add the Archer business to our
existing group of bulk companies. Archer's dry bulk business has grown
through a reputation for high-quality service and responsiveness to
their customers. We believe there will be operating efficiencies from
having the Archer business in our group of companies. We look forward
to working with the Archer customers, staff and drivers."
The Vendor was represented by TransFunds Investment Banking.
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: email@example.com - Web site: www.contrans.ca