Clarke Inc. Announces Tank Manufacturer Acquisition

About this update from Clarke Inc.

[{"type":"text","content":"\n\n\nHALIFAX, Aug. 12, 2013 /CNW/ - Clarke Inc. (\"Clarke\") (TSX: CKI CKI.DB.A) is pleased to announce that, through Gestion\n Jerico Inc., its 75%-owned commercial tank and home heating business,\n it has acquired 90% of Pro-Par Group (\"Pro-Par\"), a Sherbrooke, Quebec\n based company with operations in Quebec and Ontario with over 80\n employees. Pro-Par is an established and recognized leader in the\n manufacturing of storage tanks, dispensers and transport units for the\n Canadian propane industry. Pro-Par's management will continue to own\n the remaining 10% of the company.\n\n\nPierre Fournier, President and Chief Operating Officer of Gestion Jerico\n Inc., commented \"This strategic acquisition expands our product\n offering into propane storage tanks. Following up on our successful\n acquisition of Gil-Fab International Inc., a manufacturer of custom\n tanks and pressure vessels, in 2011, we are excited to further\n diversify and grow our tanks business\".\n\n\nAbout Clarke\n\n\nHalifax-based Clarke invests in a variety of private and publicly-traded\n businesses and participates actively where necessary to enhance\n performance and increase return. Clarke's securities trade on the\n Toronto Stock Exchange (CKI; CKI.DB.A); for more information about\n Clarke, please visit our website at www.clarkeinc.com.\n\n\nForward-Looking Statements\nThis press release may contain or refer to certain forward-looking\n statements relating, but not limited to, Clarke's expectations,\n intentions, plans and beliefs with respect to Clarke. Often, but not\n always, forward-looking statements can be identified by the use of\n words such as \"plans\", \"expects\", \"does not expect\", \"is expected\",\n \"budget\", \"estimates\", \"forecasts\", \"intends\", \"anticipates\" or \"does\n not anticipate\", or \"believes\", or equivalents or variations, including\n negative variations, of such words and phrases, or state that certain\n actions, events or results, \"may\", \"could\", \"would\", \"should\", \"might\"\n or \"will\" be taken, occur or be achieved. These forward-looking\n statements include, but are not limited to, statements regarding the\n trading price of the Company's securities not fully reflecting the\n value of the Company's business.\n\n\nForward-looking statements rely on certain underlying assumptions that,\n if not real...

More updates from Clarke Inc.