Trimac plans to acquire Fortress Transport Inc
Feb 2, 2012 3:15 PM
Trimac Transportation Ltd announced January 30 that it had entered into a letter of intent to acquire a majority interest in the parent company of Fortress Transport Inc.
Fortress, based in Guelph, Ontario, Canada, provides dedicated bulk transportation service throughout central Canada and the United States with a focus in hazardous and non-hazardous transportation of liquid chemicals, petroleum products, and dry chemicals. Fortress assets include 54 tractors and 130 trailers.
In commenting on the transaction, Ed Malysa, Trimac (Canada) president and chief operating officer, said "Fortress has been recognized as a premium carrier in the chemical industry for a very long time and Trimac is pleased to have Bob Clement and his team join Trimac.
"With Bob Clement's continued management and ownership position and Trimac's North American footprint, we believe this business will provide excellent synergies and growth opportunities in our chemical operations. Fortress' key assets include a team of professional drivers with a similar safety culture and high operating standards as ours, so we are thrilled to have them on Trimac's team.”
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