Leading supplier of trusses and engineered wood products, Atlas Engineered Products recently entered into a letter of intent with Selkirk Truss Limited, whereby Atlas has agreed to buy over all of Selkirk’s issued and outstanding shares for CAD$150,000 (US$117,170) in common shares.
“We are very proud to announce the acquisition of Selkirk as the first step of our acquisition programme to broaden our geographic reach,” Guy Champagne, President of Atlas, commented. “Not only will this transaction result in a 20 per cent growth in annual revenues for the company, it provides us with access to the Kootenay region.”
Atlas has also appointed Contact Financial, based in Vancouver, British Columbia (B.C.), Canada, as its investor relations firm to assist them with the development and execution of a comprehensive strategic communications programme.
“Atlas is one of the best performing truss and engineered wood products companies in Western Canada and we are thrilled to present this exciting growth opportunity to our investor ecosystem,” Kirk Gamley, President and CEO of Contact Financial, said. “Atlas already has the leadership and technical teams in-place to successfully execute its acquisition strategy and consolidate this highly fragmented, unique industry.”