GL&V to Acquire Major Supplier of Proprietary Equipement, Adding $90 Million in Revenues.TROIS-RIVIERES, QUEBEC--(BUSINESS WIRE)--May 5, 1998--GL&V (ME:LV.A.) (ME:LV.B.) (ME:LV.D.) GROUPE LAPERRIERE & VERREAULT INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . announces that it has signed a letter of intent to negociate with a private European company ("the Vendor") the purchase of all outstanding shares and related assets of its wholly-owned subsidiary serving the pulp and paper market. This industrial group manufactures and supplies proprietary engineered process equipment and highly specialized engineering solutions for the pulp and paper industry The global pulp and paper industry is dominated by North American (United States, Canada), northern European (Finland, Sweden) and East Asian countries (such as Japan). Australasia and Latin America also have significant pulp and paper industries. worldwide. The Vendor operates important businesses in Europe and the 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. , and generates annual revenues in the range of CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $90 million. GL&V indicated that the sale agreement is subject to a due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. as well as to its approval by GL&V's Board of Directors and other usual conditions. Mr. Laurent Verreault, President and C.E.O. of GL&V, believes that this acquisition offers a springboard for the Company's expansion in many aspects. "In addition to being stratecigally located in Europe and the U.S., the Vendor is the largest supplier worldwide in a market segment where we are already involved." CONTACT: Groupe Laperriere & Verreault Inc. Laurent Verreault, 819/ 371-8265 |
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