Manac Acquires Specialty Trailer manufacturer Peerless Limited
Manac Inc. (TSX: MA), a North American leader in the design and manufacturing of specialty trailers, has announced the acquisition of all of the issued and outstanding shares of Peerless Limited (“Peerless”) for $14.75 million in cash, subject to certain net working capital adjustments.
Established in Penticton, British Columbia, Peerless is a designer and manufacturer of highly specialized trailers and chassis for a variety of industries, including oil and gas, mining, forestry, logging and construction.
Peerless had been operating the Mobile Solution division of McCoy Corporation (TSX: MCB) since 2004.
“The reputation of the Peerless brand, its product line, the quality of the work force and its geographic location fit very well with our vision and our values,” noted Charles Dutil, President and Chief Executive Officer of Manac.
Category: Featured, General Update
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