Contrans Group Inc. Acquires Best Transfer

WOODSTOCK, ON, Nov. 25, 2013 /CNW/ - Contrans Group Inc. (TSX: CSS) announced today that it has acquired the operating assets and real property of Best Transfer, a trucking business, located near Guelph, Ontario. The business has provided transportation services to customers that require flatbed, tank and dry bulk trailers. It is expected that this acquisition will produce annual revenue of approximately $8 million (including fuel surcharges). The company operates 30 highway tractors and 50 trailers.

"The purchase of Best Transfer fits well into the existing competencies of our Ontario divisions" stated Contrans' Chairman and Chief Executive Officer Stan Dunford. "We have existing relationships with many of the Best customers and believe that our purchase of Best Transfer will enhance those relationships with the ability to provide additional service capacity. The purchase also expands our terminal footprint with an additional terminal and yard space along the busy 401 corridor."

SOURCE: Contrans Group Inc.