Atlas Engineered Products Ltd. announces an important expansion initiative in Northern Alberta, Canada. Atlas Engineered Products Ltd. has purchased the operating assets including equipment, inventory, and trademarks of Alberta Truebeam Ltd. (“Truebeam”), leased the land and buildings in which Truebeam operates, and hired all the Truebeam employees.
The Company’s Truebeam operation will contribute strong positive cash flow and an estimated $2.4 million in profitable revenue during the 2018 calendar year. Truebeam’s focus will be the supply of trusses and engineered wood products to residential development projects in Northern Alberta and Northwest British Columbia, including Fort McMurray and Medicine Hat.
Atlas Engineered Products is one of British Columbia’s leading suppliers of trusses and engineered wood products.
