Business
CE Franklin Ltd. announces signing of Purchase and Sale Agreement to acquire Full Tilt Field Services Limited
CE Franklin Ltd. announces signing of Purchase and Sale Agreement to acquire Full Tilt Field Services Limited.
About this update from Craftport Cannabis Corp
[{"type":"text","content":"\n\n\n\nCALGARY, June 28 /CNW/ - CE Franklin Ltd. (TSX.CFT, AMEX.CFK) announced\nthat it has signed a Purchase and Sale Agreement to acquire the shares of Full\nTilt Field Services Limited, a private company located in Lloydminster, SK.\nThe acquisition is expected to close in the next few days.\n\n\nFull Tilt provides mechanical sales and service to the energy industry\nand operates a fleet of service vehicles. Full Tilt also provides\ninstallation, sales and service of Articulating Cranes as well as fabricating\nand modifying service truck bodies.\n\n\nCE Franklin will now begin the integration of the two companies'\noperations.\n\n\n"The acquisition of Full Tilt will help CE Franklin diversify its service\noffering to the energy industry," said Michael West, Chairman, President and\nCEO. "Full Tilt has built a solid reputation and track record that integrates\nwell with CE Franklin in our move forward to creating more value to all\nstakeholders."\n\n\nAbout CE Franklin\n\n\nFor more than half a century, CE Franklin has been a leading supplier of\nproducts and services to the energy industry. CE Franklin distributes pipe,\nvalves, flanges, fittings, production equipment, tubular products and other\ngeneral oilfield supplies to oil and gas producers in Canada. These products\nare distributed through its 42 branches, which are situated in towns and\ncities serving particular oil and gas fields of the western Canadian\nsedimentary basin. In addition, the Company distributes pipe, valves, flanges\nand fittings to the oilsands, refining, heavy oil and petrochemical industries\nand non-oilfield related industries such as the forestry and mining\nindustries.\n\n\nWe serve our customers through an extensive network of branches, managed\ncustomer warehouses and offsite inventory stocking locations. All are\nconnected by state-of-the-art technology that offers our customers an\nefficient supply chain management system.\n\n\nShares of CE Franklin trade on the Toronto Stock Exchange under the\nsymbol "CFT" and on the American Stock Exchange under the symbol "CFK." Smith\nInternational, Inc., the parent company of CE Franklin's North American\npartner Wilson Supply, owns approximately 52% of the Company's outstanding\nshares.\n\n\n","length":2344,"tagName":"div"}]