ACQUISITION OF A MINORITY STAKE BY MANAC INTO ABS REMORQUES
Asbestos (QC) – (Trailer Technician) – ABS Remorques Inc. (« ABS »), a Canadian manufacturer of conveyor semi-trailers, announced today that Manac Inc. (« Manac »), the leading Canadian manufacturer of semi-trailers, has taken a minority stake in the company. « It is with great pride that we announce this partnership as it will allow us to expand our presence in both Canadian and American markets. Located in the town of Asbestos, Quebec, ABS celebrates its 30th anniversary by pursuing growth and sustainability initiatives, such as this association with Manac. We are recognized as leading companies in our respective fields as well as in our communities, and we are both focused on new technologies » mentions François Gouin, president and majority shareholder of ABS.
In turn, Charles Dutil, president of Manac adds: « ABS’s conveyor semi-trailer is absolutely complementary to our line of products. The association of our two companies will help François and the ABS team to sustain its growth. Additionally, the sharing of best practices and access to our sales and service network will be beneficial to both companies. ABS and Manac share important values, such as their commitment to their respective communities. Sharing these values is important to both François and us. »
ABS Remorques Inc.
Founded in 1987, ABS designs and manufactures specialized live-bottom semi-trailers for aggregate materials transportation. Its innovative high-quality products have made ABS the leader in live-bottom semi-trailer manufacturing. The ABS production facility is located in Asbestos, Quebec.
Manac Inc.
Manac is the largest manufacturer of trailers in Canada and a leader in the manufacturing of specialty trailers in North America. Manac offers a wide range of vans, flatbeds and specialty trailers such as dumps, low beds, grain hoppers, chassis, chip and logging trailers, all of which are sold in Canada and the United States namely under the recognized brands Manac®, CPS®, Peerless®, Darkwing®, UltraPlate®, UltravanTM and Liddell Canada®. Manac services the heavy-duty trailer industry for the highway transportation, construction, energy, mining, forestry and agricultural sectors and manufactures its trailers in facilities located in Saint-Georges (Quebec), Penticton (British Columbia) as well as Oran (Missouri, US).