6 December, 23:23
Atlas Engineered Products has entered into a letter of intent with Clinton Roof Truss Ltd. whereby the Company has agreed to acquire all of the issued and outstanding shares of Clinton.
Guy Champagne, President of Atlas, commented, "The acquisition of Clinton represents a major milestone of our acquisition program to significantly broaden our geographic reach. We are extremely pleased to be acquiring Clinton as it is highly accretive and provides us with a strategic base from which to expand in Ontario."
The purchase includes 31,000 square feet of plant, warehouse and office space on a 5-acre site strategically located to provide access to the growing Ontario communities west of Mississauga. Clinton is growing and has over $3 million in annual sales, strong profitability, and very capable operational leadership.
Atlas Engineered Products is one of British Columbia's leading suppliers of trusses and engineered wood products.