Jun. 8, 2011 (Canada NewsWire Group) --
CALGARY, June 8, 2011 /CNW/ - Trimac Transportation Ltd. ("Trimac") (TSX: TMA) is pleased to announce the acquisition of Benson Tank Lines' ("Benson") assets and business for $4.0 million. Benson Tank Lines transports liquid chemicals primarily out of the greater Vancouver area, Washington State and Alberta. The purchase includes approximately 60 trailers and 35 power units and will be financed through existing lines of credit.
"I would like to welcome Benson's professional driving and administration staff to Trimac," said Ed Malysa, President and Chief Operating Officer of Trimac. "Benson has been a well managed business for over 40 years. This acquisition is consistent with Trimac's strategic objective to expand market share within its core product lines. Benson's customer base, employees and assets complement our bulk chemical business in Western Canada."
About Trimac: Trimac is Canada's largest provider of bulk trucking services with operations from coast to coast. In addition, through its National Tank Services division, Trimac performs repairs, maintenance and tank-trailer cleaning services for both the Trimac fleet and for third party commercial customers. Trimac also provides third party transportation logistics services in Canada and the United States through its wholly owned subsidiary Bulk Plus Logistics.
Edward V. Malysa
President and Chief Operating Officer
Trimac Transportation Ltd.
or-
Scott D. Calver
Vice President and Chief Financial Officer
Trimac Transportation Ltd.
Telephone: 403-298-5100
Facsimile: 403-298-5146
