ADF Group Inc. announces new contracts in the United States totalling 51 million dollars

TERREBONNE, QC, May 30, 2017 /CNW Telbec/ - ADF GROUP INC. (« ADF » or the « Corporation ») (TSX: DRX), North American leader in the fabrication of steel superstructures, announces having concluded, in the past few days, a series of commercial agreements, totalling $51 million.

These new orders were obtained in the U.S. East Coast and West Coast markets and are for the fabrication and the erection of complex steel structures and heavy steel components that are part of new commercial building projects.

These new contracts will extend over a 16-month period.

Mr. Jean Paschini, Co-Chairman of the Board and Chief Executive Officer, points out that "our teams at both of our fabrication plants in Canada and the United States will bring their experience and in-depth knowledge to these new projects. Our longstanding presence in Canada and our expansion strategy in the Western USA in the last years, provide us today with a geographical coverage from coast to coast and enable us to have a strong platform on which we can continue our growth."

Annual Meeting of Shareholders

ADF Group Inc. Annual Meeting of Shareholders will be held on:

 

Date:

Wednesday, June 14, 2017

Time:

11:00 a.m.

Place:

Hotel Sheraton Laval, 2440 Des Laurentides, Laval, Quebec

 

The Corporation will disclose its results for the first quarter ended April 30, 2017, on Wednesday, June 14, 2017, before markets open.

About ADF Group Inc.

ADF Group Inc. is a North American leader in the design and engineering of connections, fabrication, including industrial coatings, and installation of complex steel structures, heavy steel built-ups, as well as in miscellaneous and architectural metals for the non-residential construction industry. ADF Group Inc. is one of the few players in the industry capable of handling highly technically complex mega projects on fast-track schedules in the commercial, institutional, industrial and public sectors. The Corporation operates two fabrication plants and two paint shops, in Canada and in the United States.

Forward-Looking Information

This press release contains forward-looking statements reflecting ADF objectives and expectations. These statements are identified by the use of verbs such as "expect" as well as by the use of future or conditional tenses. By their very nature these types of statements involve risks and uncertainty. Consequently, reality may differ from ADF's expectations.

All amounts are in Canadian dollars, unless otherwise indicated.

 

SOURCE ADF Group Inc.

For further information: Jean Paschini, Co-Chairman of the Board of Directors and Chief Executive Officer; Jean-François Boursier, CPA, CA, Chief Financial Officer, Telephone: (450) 965-1911, 1 (800) 263-7560

RELATED LINKS
http://www.adfgroup.com

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