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Manac buys a peer

SAINT-GEORGES, Que. – A Quebec based trailer manufacturer has purchased a West Coat company that designs and builds specialty trailers.

Manac Inc. of Saint-George, Que. has spent $14.75 million to purchase all of the issued and outstanding shares of Penticton, B.C.-based Peerless Limited.

Peerless, which had been operating as the mobile solution division of McCoy Corp. since 2004, designs and manufactures trailers and chassis for use in oil and gas, mining, forestry and construction applications.

“This completes a good first step in Manac’s targeted progress and growth,” said Manac president and CEO Charles Dutil.

“The reputation of the Peerless brand, its product line, the quality of the work force and its geographic location fit very well with our vision and our values. We will now start the implementation of a well-defined operating agenda and capitalize on all of the identified synergies; and this starts right now.

“Not only will we provide strong support to the local leadership team, but Peerless will also profit from Manac’s core strengths, including gaining access to Manac’s know-how and resources which are considered key assets to our success in the trailer industry,” he said.

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