Canam Steel Corporation Acquires Sun Steel of Washington State.MONTREAL--(BUSINESS WIRE)--April 16, 1997--CANAM MANAC (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 of Ville de Saint-Georges, Quebec
Saint-Georges-de-Beauce is a city in Quebec. It is the seat of Beauce-Sartigan Regional County Municipality part of the Chaudière-Appalaches region. The population is 29,271 (2001 census). , announces the acquisition of the assets of Sun Steel Buildings, Inc., in Sunnyside, Washington Sunnyside is a city in Yakima County, Washington, United States. The population was 13,905 at the 2000 census. Sunnyside is the birthplace of football coach Scott Linehan, the head coach of the NFL's St. Louis Rams. State. Sun Steel is specialized in the fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. of steel joists and pre-fabricated buildings. The value of the transaction is US$9,250,000 plus inventory. The 115,000-square-foot plant has an annual production capacity of 20,000 tons of steel joists and US$15,000,000 of pre-fabricated buildings. In 1996, Sun Steel's sales totalled about US$16,000,000 and the company provides work to 142 people. This acquisition will allow Canam Steel Corporation to serve the Northwest United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. market. This plant serves mainly the states of Washington, Oregon, Idaho, Montana and California. Canam Steel Corporation already operates plants in Point of Rocks, MD; Washington, MO; Lafayette, IN; Columbus, OH; Jacksonville and Fort Lauderdale, FL; as well as in Easton, MA. The Canam Manac Group is an industrial company specialized in the fabrication of steel structure components, semitrailers, forestry and snow removal equipment. It operates 22 plants in Canada, the United States, Mexico and France, providing work to more than 4,300 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 C$626,000,000. CONTACT: The Canam Manac Group Jasmin Gosselin, 514/641-4000 jasmin_gosselin@canammanac.com http://www.canammanac.com |
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