OKOTOKS, AB, June 2, 2011 /CNW/ - (TSX: MTL) Mullen Group Ltd. ("Mullen Group" and/or the "Corporation") announced the closing of the previously announced acquisition of Hi-Way 9 Express Ltd., Load-Way Ltd., Streamline Logistics Inc. and 1006213 Alberta Ltd. (collectively, "Hi-Way 9") in a cash and shares transaction effective June 1, 2011. Hi-Way 9 has been in business since 1969 and is a recognized leader in Alberta in the less-than-truckload transportation business. The companies will operate as wholly-owned subsidiaries of Mullen Group. Mullen Group is also pleased to announce that Dean Kohut, Heather Colberg and Darrell Kohut, the senior management team of Hi-Way 9, have agreed to remain with Hi-Way 9 to oversee its on-going operations.
Mullen Group is a company that owns a network of independently operated businesses. Today the Mullen Group is recognized as the largest provider of specialized transportation and related services to the oil and natural gas industry in western Canada and as one of the leading suppliers of trucking and logistics services in Canada - two sectors of the economy in which Mullen Group has strong business relationships and industry leadership. Mullen Group provides management and financial expertise, technology and systems support to its independent businesses.
Mullen Group is a publicly traded corporation listed on the Toronto Stock Exchange under the symbol "MTL". Additional information is available on our website at www.mullen-group.com.
SOURCE Mullen Group Ltd.
For further information: Mr. Murray K. Mullen - Chairman and Chief Executive Officer, Mr. Stephen H. Lockwood - President and Co-Chief Executive Officer, 121A, 31 Southridge Drive, Okotoks, Alberta, Canada, T1S 2N3, Tel: (403) 995-5200, Fax: (403) 995-5296