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				Trimac acquires fertilizer hauling business
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						Dec 5, 2008 03:21 PM
					
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					Last Updated: Mar 27, 2012 09:17 AM
				
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				<p>CALGARY -- <a href="http://trimacincomefund.com/">Trimac Income Fund</a> has added Canamera Carriers to the Trimac Transportation Services portfolio.</p>
<p>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.</p>
<p>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.</p>
<p>Canamera is based out of Yorkton, Sask. and operates its trucking and warehousing business out of three leased properties.</p>
<p>&quot;We are excited to have Canamera Carriers become a part of the Trimac organization,&rdquo; commented Edward Malysa, Trimac COO. &ldquo;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.&quot;<br />
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