Armtec Announces Acquisition of Assets of Leading Ontario Agricultural Drainage Tube Manufacturer



    Toronto Stock Exchange: ARF.UN

    GUELPH, ON, March 20 /CNW/ - Armtec Infrastructure Income Fund      
(TSX: ARF.UN) today announced it has acquired certain specified property and
assets of Bruce Tile ("Bruce") for approximately $9.5 million. Based in
Walkerton, Ontario, Bruce is a leading high density polyethylene pipe (HDPE)
and drainage tile manufacturer and significant supplier to Ontario's
agricultural market.
    Under the terms of the transaction, the Fund purchased all of Bruce's
machinery, plant equipment and inventory used in the manufacture of single
wall drainage tubing fabricated in Walkerton and sold through its two
locations which includes a distribution yard in Dresden, Ontario. Bruce
primarily serves agricultural customers but also participates in residential
drainage and infrastructure markets in the region. In addition, the company
produces and supplies drainage tile to Ontario's agricultural community, as
well as to the province's building trades sector and to highway and municipal
roads construction in the infrastructure markets.
    "Our acquisition of these assets strengthens the Armtec division's
competitive position in Ontario's growing agricultural drainage market," said
Charles Phillips, President and Chief Executive Officer. "With the improvement
in the agricultural markets expected to continue in 2008, Armtec's investment
in this business will broaden our market presence in this important sector,
while creating new opportunities to offer a wide range of complementary
product lines to new and existing customers."

    About Armtec Infrastructure Income Fund

    Armtec is a leading manufacturer and marketer of drainage products and
engineered bridging solutions for infrastructure applications in a diverse
cross-section of industries. These include the public infrastructure market
and private sector markets such as natural resources, commercial building,
residential construction and agricultural drainage in Canada. The Fund's
Armtec division is Canada's only national multi-material manufacturer
specializing in corrugated high density polyethylene pipe, and corrugated
steel pipe for drainage applications and highly engineered solutions including
bridging products and water management systems. The Con-Force division designs
and manufactures a wide range of bridging and construction products including
the advanced "NU" bridge girder system that allows for some of the longest
spans available in precast concrete technology.




For further information:

For further information: Charles M. Phillips, President & Chief
Executive Officer, Armtec Limited Partnership, Tel: (519) 822-0210, Fax: (519)
822-8894; James R. Newell, Chief Financial Officer, Armtec Limited
Partnership, Tel: (519) 822-0210, Fax: (519) 822-8894; Carrie Boutcher, Vice
President, Finance, Armtec Limited Partnership, Tel: (519) 822-0210, Fax:
(519) 822-8894

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ARMTEC INFRASTRUCTURE INCOME FUND

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