Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
4/2/2012 10:50:00 AM Write a Letter to the Editor Write a letter to the Editor

Trimac Buys Majority of Ontario Carrier

Trimac Transportation Ltd. has taken control of another Canadian bulk trucking rival, completing its acquisition of a 60% stake in the parent of bulk liquids hauler Fortress Trucking Ltd. for C$4.4 million.

Trimac will buy another 20% of Guelph, Ontario-based Fortress on March 29, 2014. A year after that, Trimac buys the remaining 20%, he said. The total purchase price for all of Fortress will be C$7.5 million.

Fortress Trucking’s previous owner, Robert Clement, will continue to run the independently for two years, Trimac said.

Trimac is part of the Trimac Group, which also operates in the United States and is ranked No. 41 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.

By Transport Topics
Staff Reporter Greg Johnson contributed to this story.

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2012, Transport Topics Publishing Group. All rights reserved.



Follow Us


This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.



© American Trucking Associations, Inc., All Rights Reserved Privacy Statement