Trimac Transportation Ltd announced it has completed an asset purchase agreement with Transport Rollex Ltée, a division of Groupe Robert Inc, headquartered in Boucherville PQ, Canada.
The Asset Purchase Agreement covers the purchase of eight 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."