WOODSTOCK, Ont. – Contrans Group Inc. (TSX:CSS) says it has acquired a dry-bulk trucking business, Wilburn Archer Trucking, based in Norwood, Ont.
Financial terms of the deal, announced Thursday, were not revealed,
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The 17-year-old trucker provides specialized transportation services using pneumatic tanks and hopper trailers.
Contrans said it expects the acquisition will add $14 million in annual revenues to its top line.
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“There are relatively few opportunities to acquire dry bulk trucking businesses in Ontario,” Contrans’ chairman and CEO Stan Dunford said in a release.
“We believe there will be operating efficiencies from having the Archer business in our group of companies.”
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