Two construction and engineering leaders pool over 130 years of experience and expertise: Verreault joins Dessau



    QUEBEC CITY, June 19 /CNW Telbec/ - Dessau President and Chief Executive
Officer, Mr. Jean-Pierre Sauriol, and the President of Verreault,
Mr. Michel Verreault, are proud to announce today that they are uniting their
companies to create one of Canada's largest engineering-construction groups.
The two industry leaders are consolidating their activities in order to
sustain their growth and meet clients' needs even more effectively by offering
a wider range of services.
    "Today we are pooling the exceptional talent of our respective teams, a
major asset that will help our firm raise its standing even higher, both in
engineering and construction. Our clients are exploring new ways of doing
business, and that is a reality we need to account for as we work to sustain
our growth. The transaction we are making public today reflects a shared
desire to grow in a manner consistent with the needs and demands of an
evolving marketplace, to innovate so that we can provide services with a
strong value-added component, and to compete effectively at home and around
the world," said Mr. Sauriol, summarizing the motivations for the acquisition.
    "For our employees and our clients alike, this union opens the door to
exciting new perspectives, opportunities and challenges. Dessau and Verreault
share the same values, which have been our strength for so many years: rigour,
innovation, commitment, teamwork, customer satisfaction, reliability, and
respect for employees and clients," Mr. Verreault added.

    Founded in 1927, over the years Verreault has become one of Quebec's
largest builders. The firm currently has 150 employees in Quebec City and
Montreal. It has completed numerous industrial, commercial and institutional
construction projects.

    Dessau, founded in 1957, is Quebec's second largest and Canada's fifth
largest, and one of the world's 100 largest engineering-construction firms.
With the acquisition, Dessau now has over 3,500 employees and annual sales of
over $600 M. The firm is active throughout Quebec and the rest of Canada as
well as a number of countries in North Africa, Central America, South America
and the Caribbean. Dessau has been recognized as one of Canada's 50
best-managed companies.




For further information:

For further information: Katia Reyburn, Communications Director, Dessau,
(514) 281-1033 ext. 2814; Julie-Anne Vien, Senior Advisor, Verreault (418)
648-1233 #226, (418) 955-7980

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Dessau Inc.

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VERREAULT

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