TransForce Income Fund Sells Non-Core Operations of Services Matrec
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TransForce Income Fund is ranked No. 22 on the Transport Topics 100 list of the largest for-hire carriers in the United States and Canada.
anadian transportation firm TransForce Income Fund on Tuesday sold the hazardous waste and industrial cleaning operations of Services Matrec, its waste management subsidiary, to Newalta Income Fund for C$31.8 million.
The sale will allow Matrec to focus on its core business of solid waste management and recycling, TransForce said in a statement.
The operations sold to Newalta generated about C$20 million in annual revenue, TransForce said.
