By ARCHER TRUCKING
(Woodstock, Ontario, January 5, 2012) (TSX:CSS)
Contrans Group Inc. announced today that it has acquired a
dry-bulk trucking business, operating under the name of
Wilburn Archer Trucking, located in Norwood, Ontario. Since
1994, the business has provided specialized transportation
services using pneumatic tanks and hopper trailers. It is
expected that this acquisition will produce annual revenue of
approximately $14 million.
"There are relatively few opportunities to acquire dry bulk
trucking businesses in Ontario," stated Contrans' Chairman
and Chief Executive Officer Stan Dunford. "We are pleased to
add the Archer business to our existing group of bulk
companies. Archer's dry bulk business has grown through a
reputation for high-quality service and responsiveness to
their customers. We believe there will be operating
efficiencies from having the Archer business in our group of
companies. We look forward to working with the Archer
customers, staff and drivers."
The Vendor was represented by TransFunds Investment
Banking.
For further information please contact:
Stan G. Dunford, Chairman and Chief Executive Officer, or
Gregory W. Rumble, President and Chief Operating Officer
Phone: 519-421-4600
