CALGARY, Dec. 14, 2015 /CNW/ - Trimac Transportation Ltd., ("Trimac") (TSX: TMA) is pleased to announce that it has completed an Asset Purchase Agreement with Transport Rollex Ltée ("Rollex"), a division of Groupe Robert Inc., headquartered in Boucherville, Quebec. The Asset Purchase Agreement covers the purchase of 8 power units and 22 trailers as well as the assignment of a transportation agreement for the hauling of bulk liquid emulsions originating from a chemical plant in Quebec to various points in Canada and the United States. Annual revenues are estimated to be approximately $3 million.
Commenting on the purchase, Trimac's President and Chief Operating Officer, Ed Malysa said, "The asset purchase from Rollex is consistent with our strategic objective to expand our market share in Quebec."
About Trimac: Trimac is Canada's largest provider of bulk trucking services with operations from coast to coast. In addition, through its National Tank Services division, Trimac performs repairs, maintenance and tank-trailer cleaning services for both the Trimac fleet and for third party commercial customers. Trimac also provides third party transportation logistics services in Canada and the United States through its wholly owned subsidiary Bulk Plus Logistics.
SOURCE Trimac Transportation Ltd.
For further information: Edward V. Malysa, President and Chief Operating Officer, Trimac Transportation Ltd.; Scott D. Calver, Vice President and Chief Financial Officer, Trimac Transportation Ltd., Telephone: 403-298-5100