Atlas Engineered Products (“AEP”) has completed the acquisition of Penn-Truss MFG Inc. located in Saltcoats, Saskatchewan, Canada. Penn-Truss is a manufacturer of roof and floor trusses and a supplier of engineered wood products.
“I am excited to announce the acquisition of our 10th manufacturing facility and our 1st facility in Saskatchewan. This acquisition expands our national footprint with more coverage through the Canadian Prairies,” said Hadi Abassi, CEO, President and Founder of the Company. “Penn-Truss in Saskatchewan is close enough to our South Central facility in Manitoba that they can share some resources and build synergies that will increase efficiencies in the Prairie market. The market across Saskatchewan and Manitoba has picked up significantly since the beginning of 2025 and we look forward to the overall growth potential Penn-Truss will bring to the AEP group.”
The acquisition of Penn-Truss was completed effective July 24th, 2025.
The location and equipment were key considerations in this acquisition. The site strategically broadens AEP’s national presence, marking its initial entry into Saskatchewan with an established 600 km delivery radius based on historical business patterns. Furthermore, an independent appraisal assessed the fair market value of all equipment at $3.1 million.
Looking ahead, the Company expects to leverage its operating synergies and purchasing power to enhance Penn-Truss’ operations through the integration process. The Company has also identified significant opportunities for organic growth through wall panel manufacturing and market expansion. Penn-Truss has done some wall panel manufacturing in the past, but it has not been a significant or regular part of their operation.
AEP is a growth company that is acquiring and operating profitable, well-established operations in Canada’s truss and engineered products industry.
