SAINT-GEORGES, Que. — Manac said in a statement today that it’s initiating a review of strategic alternatives for the trailer maker, which could include a sale or merger of the company.
“Manac has a unique position within the North American trailer industry and this enviable position has significant strategic value,” said Michel Labonté, Chairman of the Board.
It says business activities will not be affected as the strategic review process is underway. The company also said it has not yet entered into any transactions and that there can be no assurance that the strategic review will result in any significant changes.
It has engaged a financial advisor to assist with the process and won’t be commenting any further on the subject until there’s something to report.