Trimac completes
Canamera purchase
Dec 9, 2008 3:16 PM
Trimac Transportation Services Limited Partnership, Calgary, Alberta, Canada, has completed the $2.9 million purchase of all of the issued and outstanding shares of Canamera Carriers Inc, based in Yorkton, Saskatchewan, Canada, according to Trimac information.
Canamera is a bulk trucking and warehousing company involved in the transportation and warehousing of fertilizer, agricultural products, and road salt in the Provinces of Saskatchewan, Alberta, and Manitoba.
The purchase includes a fleet of 19 company-owned tractors and 24 trailers with annual revenues in its last completed fiscal year of approximately $7.9 million. The transaction also involved assumed net debt in the amount of approximately $1.3 million.
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