SAINT-GEORGES, QC, June 4, 2013 /CNW Telbec/ - Canam Group Inc. (TSX:
CAM), specialized in the design and fabrication of construction
products, today announced the completion of a transaction by its U. S.
subsidiary, Canam Steel Corporation, that was announced on April 29,
2013 to acquire the steel joist fabrication assets of Quincy Joist
Company, a subsidiary of Schuff International, Inc. (OTC: SHFK). These
assets, which are located in Buckeye, Arizona, include all equipment
Canam Group should conclude the purchase of the Quincy Joist facility in
Quincy, Florida, which also includes all equipment and inventory but
excludes the land when the plant ceases operations in July. The total
amount of the two transactions corresponds to the carrying amount of
the purchased assets plus the value of inventories.
About Canam Group Inc.
Canam Group is the largest fabricator of steel components in North
America. Specialized in designing construction solutions and
fabricating customized products since 1961, Canam Group takes part in
an average of 10,000 construction projects each year in three activity
sectors: buildings, structural steel and bridges. The Corporation operates 21 plants across North America and employs
3,400 people in Canada, the United States, Romania, India and Hong
SOURCE: CANAM GROUP INC.
For further information:
Vice President, Communications
Canam Group Inc.