Canam Steel Corporation Acquires Steel Joist Plant in Oregon.MONTREAL--(BUSINESS WIRE)--Feb. 14, 1997--(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). ;ME CAM.A ) Canam Steel Corporation, a subsidiary of The Canam Manac Group Inc. of Saint-Georges de Beauce (ME, TSE $4.40), continues its expansion in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. with the acquisition for about US$2,900,000 of certain assets of Truss Components Inc., a company located in Forest Grove near Portland, Oregon. It is the eighth plant operated by The Canam Manac Group in the American market and will serve as a platform to increase the presence of Canam Steel Corporation in Western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . The 65,000-square-foot plant has an annual production capacity of 15,000 tons of steel joists. The transaction includes equipment, raw material inventory and an option to buy the land and the plant. The company provides work to 60 people. The transaction is expected to close by the end of February. The Canam Manac Group is an industrial company specialized in the fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. of steel structure components, semitrailers, forestry and snow removal equipment. It operates 21 plants in Canada, the United States, Mexico and France, providing work to more than 4,000 people. In 1996, Group sales Group sales Block sale (of large amounts) of securities to institutional investors. group sales The distribution of a new security issue to institutional clients. totalled CA$600,000,000. CONTACT: The Canam Manac Group Inc. Jasmin Gosselin, 514/641-4000 jasmin_gosselin@canammanac.com |
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