Issued: 18,482,316 shares
CALGARY, Jan. 4 /CNW/ - Rocky Mountain Dealerships Inc. ("Rocky
Mountain"), announced today that it has completed the previously
announced acquisition of certain assets of Agritrac Equipment Ltd.
("Agritrac"), a Case IH agriculture dealership with locations in
Westlock, Vegreville and Barrhead, Alberta. The acquisition was funded
with cash and 55,066 common shares of Rocky Mountain.
For the most recent fiscal year ended October 31, 2010, Agritrac had
revenues of approximately $47 million. The Agritrac locations will
operate under the Hi-Way Service Ltd. division, a wholly-owned
subsidiary of Rocky Mountain.
About Rocky Mountain
Rocky Mountain is one of Canada's largest agriculture and construction
equipment dealerships, with 37 branches (including Agritrac) throughout
Alberta, Saskatchewan, and Manitoba. Rocky Mountain sells, rents and
leases new and used agriculture and construction equipment and offers
product support and finance.
Additional information is available at www.rockymtn.com and on SEDAR at www.sedar.com.
SOURCE Rocky Mountain Dealerships Inc.
For further information:
Rocky Mountain Dealerships Inc.
Brian Taschuk, Chief Executive Officer; or
Garrett Ganden, Chief Financial Officer
828 - 46th Avenue S.E.
Calgary, Alberta T2G 2A6
Telephone: (403) 243-8600, Fax (403) 243-2264