Trimac acquires petroleum hauling business



    CALGARY, Nov. 7 /CNW/ - Trimac Income Fund announced today that Trimac
Transportation Services Limited Partnership ("Trimac") has completed the
purchase of the petroleum hauling business and related assets of Stan
Fergusson Fuels Ltd. ("Fergusson Fuels") based in eastern Ontario. The
purchase price for the business was $4.1 million and includes a fleet of
17 tractors and 17 trailers with annual revenues of approximately
$5.6 million.
    In commenting on the acquisition, Terry Owen, CEO, said: "We are excited
to have Fergusson Fuels become a part of the Trimac organization. Fergusson
Fuels expands our customer base and geographic footprint of petroleum
operations in Ontario and is expected to be accretive immediately due to
synergies associated with other Trimac operations."

    Trimac Income Fund is an unincorporated, open-ended limited purpose trust
created for the purpose of acquiring and holding an indirect interest in
Trimac. Trimac is Canada's largest provider of bulk trucking services with
operations from coast to coast. In addition, through its wholly owned
subsidiary, Bulk Plus Logistics Limited Partnership, Trimac provides third
party transportation logistics services in Canada and the United States. Trust
units of Trimac Income Fund are traded on The Toronto Stock Exchange under the
symbol TMA.UN.




For further information:

For further information: Terry J. Owen, President and Chief Executive
Officer, Trimac Transportation Services Inc. or Edward V. Malysa, Vice
President and Chief Financial Officer, Trimac Transportation Services Inc.,
Telephone: (403) 298-5100, Facsimile: (403) 298-5146

Organization Profile

Trimac Transportation Ltd.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890