Posted February 22, 2018
Atlas Engineered Products has completed its acquisition of Clinton Roof Truss Ltd. (“Clinton”). During its fiscal year ended December 31, 2017 Clinton achieved EBITDA* of $674,180 on sales of $3,565,798. The $2.6 million purchase price paid for the Clinton included
working capital of approximately $700,000 as well as land and buildings having an appraised value of $790,000.
Guy Champagne, President of Atlas, commented, “We are extremely pleased with our acquisition of Clinton Roof Truss. Not only does it represent a significant financial benefit to us and our shareholders, but it also provides Atlas with a strategic foothold in an important new market for the Company. We are honoured to welcome Clinton’s dedicated employees to participate in the Atlas growth story and are thankful that the company’s former owners have chosen Atlas to preserve and continue their legacy.”
The general manager of Clinton will continue in that role to ensure continuity of operations.
Atlas Engineered Products is one of British Columbia’s leading suppliers of trusses and engineered wood products.