Trimac acquires fertilizer hauling business

CALGARY — Trimac Income Fund has added Canamera Carriers to the Trimac Transportation Services portfolio.

Canamera is a bulk trucking and warehousing company involved in the transportation and warehousing of fertilizer, agricultural products and road salt in Saskatchewan, Alberta and Manitoba.

The purchase price for the business was $2.9 million and includes a fleet of 19 company owned tractors and 24 trailers with annual revenues in its last completed fiscal year of approximately $7.9 million. The transaction also involved assumed net debt in the amount of approximately $1.3 million.

Canamera is based out of Yorkton, Sask. and operates its trucking and warehousing business out of three leased properties.

"We are excited to have Canamera Carriers become a part of the Trimac organization,” commented Edward Malysa, Trimac COO. “The acquisition of Canamera Carriers fits well within Trimac’s diversification strategy by providing expanded services in the fertilizer and agricultural product business and expands our footprint in the Saskatchewan marketplace."

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