Atlas Engineered Products Continues Canadian Expansion
Originally published by the following source: Global Newswire — March 8, 2018
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Atlas Engineered Products, a leading supplier of trusses and engineered wood products, is pleased to announce an important expansion initiative in Northern Alberta.
The Company has purchased the operating assets including equipment, inventory, and trademarks of Alberta Truebeam Ltd., leased the land and buildings in which Truebeam operates, and hired all the Truebeam employees.
The Company’s Truebeam operation will contribute strong positive cash flow and an estimated $2.4 million in profitable revenue during the 2018 calendar year (see note 1). Truebeam’s focus will be the supply of trusses and engineered wood products to residential development projects in Northern Alberta and Northwest British Columbia, including Fort McMurray and Medicine Hat.
Guy Champagne, President of Atlas, commented, “We are taking advantage of an exciting opportunity to expand our footprint in the Alberta marketplace. Combined with our aggressive acquisition program, strategic expansion opportunities such as these will allow us to economically and rapidly scale our revenue base and geographic reach.”