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Trimac to buy LCL
Originally published:  31/05/2012
North America road tanker operator Trimac Transportation announces that it has entered into a letter of intent for the acquisition of all the issued and outstanding shares in the capital of Liquid Cargo Lines (LCL), a Canada-headquartered road tanker operator with a focus on chemical and asphalt transport. The assets of LCL include 50 trailers. Trimac says that the closing of the deal is expected in the third quarter of 2012.
“LCL is a very strategic acquisition on several fronts,” says Ed Malysa, COO of Trimac. “LCL’s team of approximately 45 professional drivers will allow Trimac to grow its chemical and asphalt bunker product offering in central and eastern Canada. In addition, we gain 10 professional mechanics to grow our National Tank Services (NTS) segment. LCL’s 13-acre property includes mechanical shop facilities and commercial tank washing. The property is strategically located and will facilitate Trimac’s future growth requirements in this key geographic market.”
Other recent Trimac acquisitions include its purchase this year of Canada-headquartered road haulier Northern Resource Trucking (NRT), and its acquisition of a majority interest in the parent company of Fortress Trucking, a Canada-headquartered road tanker operator that provides bulk deliveries of liquid chemicals, petroleum products, and dry chemicals throughout central Canada and the US. NRT’s activities focus on mining operations in the northern area of Canada’s Saskatchewan province, and its fleet includes trailers for transporting petroleum, dry bulk goods, acid, sulphur, propane and anhydrous ammonia. Last year, Trimac purchased liquid chemical haulier Benson Tank Lines.