PRINCETON, ON, June 28, 2012 /CNW/ - Tiercel Technology Corp. today
announced that it has completed the purchase of certain assets of
SnowBear Ltd™, previously of Guelph Ontario. The acquired assets
include the SnowBear™ name, patents, trademarks and engineering
drawings of the Snowplow division of SnowBear™ Ltd.
"We are pleased to announce the purchase of these assets of SnowBear™"
said Bruce Seeley, President and CEO of Tiercel Technology Corp. "This
purchase will allow SnowBear plow products to continue to be a Canadian
success story as the number one brand in personal snow plows and will
strengthen Tiercel's portfolio of high quality company brands."
"Tiercel Technology has been contract manufacturing plows and
accessories for SnowBear in Princeton for the past year. The
acquisition will create several new jobs for the Princeton, Ontario
facility of Tiercel with production ramping as early as July this year.
The acquisition keeps jobs in Ontario, which is critical to the
continued revitalization of Ontario's manufacturing sector."
About SnowBear™ Plows Inc.
SnowBear™ Plows Inc. is the leading brand and manufacturer in personal
snowplows, mounts and snow clearing accessories to the North American
retail market. SnowBear Plows™ are used across many vehicles including
trucks, All Terrain Vehicles ATV and Utility Terrain Vehicles UTV.
About Tiercel Technology Corp.
Tiercel Technology is the corporate entity of several manufacturing
companies in Southern Ontario and the United States, including John G.
Wilson Machine Limited, Automated Assembly Inc., Second Wind Air
Purifier Inc. and SnowBear Plows Inc. Tiercel Technology has broad
contract manufacturing experience and manufactures across many
industries from retail, transportation and packaging equipment to
pharmaceutical, medical imaging, robotics and automation.
SOURCE Tiercel Technology Corp
For further information:
Tiercel Technology Corp.