MONTREAL, Nov. 19 /CNW Telbec/ - TransForce Inc. ("TransForce") (TSX: TFI - T), the leader in the Canadian transportation and logistics industry, announced today that it closed its previously announced acquisition of the Retail Solutions Division of ATS Andlauer Transportation Services Limited Partnership (ATS) on November 19, 2009.
The acquired Division generates approximately $120 million in annual revenue. It relies on 165 owner operators for the bulk of its business and employs a total of 447 employees.
TransForce Inc. (www.transforce.ca) is the leader in Canada's transportation and logistics industry. Headquartered in Montreal, Quebec, TransForce creates value for shareholders through managing and investing in a growing network of wholly-owned, operating subsidiaries. TransForce provides a comprehensive and unique combination of capabilities, resources and geographical coverage in both domestic and trans-border markets. Its companies currently operate in four well-defined business segments:
- Package and Courier;
- Specialized Services, which includes its ancillary transportation
services such as logistics, warehousing & dedicated services, fleet
management & personnel services; oilfield & oilsand services, and;
- Truckload, which includes specialized truckload services.
TransForce Inc. shares are listed on the Toronto Stock Exchange under the symbol TFI.
Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of TransForce. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for TransForce's products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.
SOURCE TransForce Inc.
For further information: For further information: Investors: Alain Bédard, Chairman, President and CEO, TransForce Inc., (514) 331-4200, email@example.com; Media: John Lute, Lute & Company, (416) 929-5883, firstname.lastname@example.org