Sigma Industries reorganizes its U.S. operations

SAINT-ÉPHREM-DE-BEAUCE, QC, June 26, 2012 /CNW Telbec/ - Sigma Industries Inc. (TSXV: SSG), a manufacturing company specializing in the production of composite and metal components, today announced a reorganization of its U.S. operations. This process will allow the Company to reduce its total debt and will entail the renaming of its U.S. subsidiary.

First, the Company has disposed of its property, plant and equipment in Ohio, while continuing to operate the facilities under a long-term lease. In this transaction, the acquirer has assumed $4.3 million in debt related to these assets. The disposal will have no monetary impact for the Company.

Second, the Company will continue its U.S. operations under RMC USA Inc. This change is intended to take advantage of the strong recognition of its Canadian subsidiary René Composites Materials Inc. ("René") as a leading manufacturer of superior-quality products in its strategic markets.

"Operating under RMC USA Inc. will increase the benefit to the Company, as a whole, of René's high profile among the major players of the composite materials industry," said Denis Bertrand, Sigma Industries President and Chief Executive Officer. "In addition, the debt reduction resulting from the disposal of our U.S. property, plant and equipment will give us greater flexibility to increase our investment in the development of new products and value-added solutions."

Sigma Industries Inc. (TSX-V: SSG), a manufacturing company specializing in the production of composite and metal components, has five operating subsidiaries and employs close to 475 people. The Company is active in the heavy-duty truck, coach, transit and bus, train and subway, machinery, agriculture, and wind energy markets. Sigma sells its products to original equipment manufacturers and distributors in the United States, Canada and Europe.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


For further information:

Sigma Industries Inc. 
Denis Bertrand,
President and Chief Executive Officer
Phone: 418-484-5282

Martin Goulet, CFA
(514) 731-0000

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