COMPETITION WATCH: Contrans Income Fund announces acquisition of Cornerstone Logistics Inc.
WOODSTOCK, Ont — Contrans Income Fund has completed the acquisition of Cornerstone Logistics Inc.
Cornerstone is a third party logistics provider whose customers require various transportation services within North America.
With locations in Oakville, Ontario and Buffalo, New York, Cornerstone recorded revenues of approximately $24.3 million in the twelve month period ended March 31, 2006.
It is the intent of Contrans to continue to operate Cornerstone as an independent operating unit from its current offices with its existing complement of management and staff, said Stan Dunford, Chairman and Chief Executive Officer of Contrans
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.