CALGARY — Trimac Transportation Ltd wrapped up its acquisition of Liquid Cargo Lines Limited, the company announced today.
Trimac bought the shares of Liquid Cargo from McCaig Real Estate, an affliate of Trimac. The purchase price was $1,986,000.
The deal comes with 42 trailers, 22 company owned power units, eight owner operator units and a lease of a 13 acre property in Mississauga, Ontario.
Ed Malysa, president and COO of Trimac, said the “13 acre Mississauga property includes mechanical shop facilities, commercial tank washing (currently leased and operated by NTS), administrative offices and parking. The property is strategically located and will facilitate Trimac’s future growth requirements in this key geographic market. By leasing the LCL facility, rather than purchasing it, Trimac can employ a higher amount of its available capital to earn more attractive financial returns in its trucking and non-trucking operations.”
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