Clarke Announces Freight Acquisition

HALIFAX, Dec. 1, 2011 /CNW/ - Clarke Inc. ("Clarke" or the "Company") (TSX: CKI CKI.DB CKI.DB.A) today announced that it had acquired all of the operating assets of Select Transport Incorporated ("Select").

Based in Windsor, Nova Scotia, Select specialized in the over-the-road transport of produce and other refrigerated freight.  The transaction was completed by Clarke Road Transport Inc. ("Clarke Road"), Clarke's wholly-owned Halifax-based full-load trucking business.

Dean Cull, President of Clarke Road and Chief Operating Officer, Freight Transportation, for Clarke commented "This strategic acquisition expands our service offering into the area of refrigerated transport. It will allow us to better service our existing customers and build out our client base.  Further, it will allow us to improve our efficiency by maximizing our equipment utilization.  The Clarke team is extremely excited by the opportunity this acquisition provides."

Rob Normandeau, President and CEO of Clarke added "This transaction will add scale and breadth to Clarke Road, one of our established core investments. We will look to continue to support Dean and his team as they build and develop our freight investments.  These businesses have held up well in a relatively tough operating environment and we are optimistic about their future performance."

About Clarke

Halifax-based Clarke Inc. invests in undervalued businesses and participates actively where necessary to enhance performance and increase return.  Clarke's securities trade on the Toronto Stock Exchange (CKI, CKI.DB; CKI.DB.A); for more information about Clarke Inc., please visit our website at www.clarkeinc.com.