Rocky Mountain Dealerships Inc. (TSX: RME, OTCQX: RCKXF) announces closing of Case IH dealership acquisition

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[{"type":"text","content":"\n\n\n\n\n\nCALGARY, Nov. 2, 2012 /CNW/ - Rocky Mountain Dealerships Inc. (\"Rocky\"),\n announced today that it has completed its previously announced\n agreement (the \"Agreement\") to purchase the Case IH Agriculture\n dealership assets of Houlder Automotive Ltd. (\"Houlder\") located in\n Grimshaw and Falher, Alberta.\n\n\nFor the most recent fiscal year ended January 31, 2012, Houlder had Case\n IH Agriculture related revenues of approximately $20 million.  This\n acquisition was completed through existing cash and credit facilities.\n\n\nRegarding the completion of this acquisition, Rocky's CEO, Matt\n Campbell, stated, \"With this acquisition, Rocky now has a significant\n position in the vast agriculture market found in Northern Alberta.  We\n look forward to leveraging our network's strength in this region, as we\n work to become the equipment partner of choice with the customers\n there.\"\n\n\nAbout Rocky\n\n\nRocky is one of Canada's largest agriculture and construction equipment\n dealership networks with branches located throughout Alberta,\n Saskatchewan and Manitoba. Through its network of Rocky Mountain\n Equipment locations, Rocky sells, rents, and leases new and used\n construction and agriculture equipment and offers product support and\n finance to its customers.\n\n\nAdditional information on Rocky is available at www.rockymtn.com and on SEDAR at www.sedar.com.\n\nSOURCE: Rocky Mountain Dealerships Inc.\n\n\n Rocky Mountain Dealerships Inc. Matt Campbell, Chief Executive Officer; or Garrett Ganden, Chief Operating Officer #301, 3345 - 8th Street S.E. Calgary, Alberta T2G 3A4 Telephone: (403) 265-7364, Fax (403) 214-5644 \n","length":1947,"tagName":"div"}]

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