WESTEEL ACQUIRES PTM

PTM announces the acquisition on May 10^th by VICWEST Inc., a company listed on the Toronto Stock Exchange Market, within its division WESTEEL.

Since 1905 WESTEEL has manufactured steel silos and liquid storage tanks.

With this acquisition WESTEEL continues to pursue its expansion strategy in the overseas markets, that was started by the opening of operation offices in Madrid and Mumbai. At the same time Westeel has acquired extensive engineering skills in terms of handling and plant design.

PTM boasts in fact a well-established expertise related to the engineering and manufacturing of a broad range of flour and grain handling systems as well as of large plants for the storage of cereals and oilseeds.

Thus, WESTEEL and PTM will deliver a more comprehensive offer in terms of products and services combined with cutting-edge engineering solutions and outstanding quality standards.

Other resources:

Vicwest Inc.
The Wall Street journal
World-Grain
Canadian Private Equity
Finance Yhaoo
Silobreaker
Global Food Mate
Bloomberg
Reuters
Global milling
Canada Newswire
4-traders
Milling World
Vicwest Investor Fact Sheet
Wuinnipegfreepress

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