Business
Canlan Expands U.S. Operations
Burnaby, British Columbia--(Newsfile Corp. - March 7, 2019) - Canlan Ice Sports Corp. (TSX: IC...
About this update from Canlan Ice Sports Corp.
[{"type":"text","content":"Canlan Expands U.S. OperationsCompany Acquires Another Three-Pad Ice Facility in Chicago SuburbBurnaby, British Columbia--(Newsfile Corp. - March 7, 2019) - Canlan Ice Sports Corp. (TSX: ICE), industry-leading providers of recreational and leisure multi-sport facilities across North America, today announced that it is expanding its U.S. ice operations with the purchase of the Leafs Ice Centre (\"the Centre\"), a three-ice-sheet, 106,000 square-foot facility, situated on 8 acres of land, in the Chicago, Illinois suburb of West Dundee. In addition to three NHL-sized rinks with spectator seating, amenities include training facilities, well-appointed locker rooms, a pro shop, equipment rental, offices, meeting space, and a full-service restaurant. The transaction is expected to be completed within the next 2 weeks.\"Today's announcement is consistent with our strategy to continue expanding our U.S. operations by acquiring ice and turf sport facilities with significant upside potential,\" said Michael Gellard, Executive Vice President of Canlan Ice Sports. \"This state-of-the-art ice sports complex with ideal demographics and location, will make a great addition to our Chicagoland portfolio, where we currently own and operate a three-sheet ice facility in Romeoville and a 175,000 square-foot turf and court sports facility in Lake Barrington,\" added Canlan's CEO, Joey St-Aubin. \"The Leafs Ice Centre represents another excellent opportunity for us to apply our proven systems to enhance the customer experience and maximize the potential.\"The three-sheet ice sports complex was opened in the fall of 2007 to service the needs of its main customer The Leafs Hockey Club, a leading youth and developmental hockey program in the U.S., as well as provide for youth skating programs and the recreational needs of a rapidly growing Kane County. In addition to servicing the existing customers Canlan plans to offer multiple hockey and skating programs, including the Canlan Camps and Academies, along with the Adult Safe Hockey League, the world's largest and most successful adult recreational hockey program. Canlan does not plan any business interruption for the existing customers and expects to begin offering its branded programs to complement existing product lines during the Spring season. To learn more about Canlan programs please visit www.ices...