Business
TerraVest Announces the Acquisition of Argo Sales
TerraVest Announces the Acquisition of Argo Sales Canada NewsWire TORONTO, Dec. ...
About this update from Terravest Industries, Inc.
[{"type":"text","content":"\n\n\n\nTerraVest Announces the Acquisition of Argo Sales\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Dec. 16, 2019\n\n\n\nTORONTO, Dec. 16, 2019 /CNW/ - TerraVest Industries Inc. (TSX: TVK) (\"TerraVest\") announced today that it has acquired the assets of Argo Sales Inc. (\"Argo Sales\" or the \"Company\"). Argo Sales is a privately-owned Alberta based company primarily focused on manufacturing wellhead processing and production equipment for the Canadian Oil & Gas market.\nDustin Haw, Chief Executive Officer of TerraVest, welcomes the employees of Argo Sales and looks forward to their continuing commitment to the business and its customers. \"Argo Sales is a leading manufacturer of wellhead processing and production equipment in Canada. This acquisition further enhances TerraVest's commitment to be a market leader in each of its market segments. The Company will play a part in TerraVest's overall effort to maximize product and service capabilities to its Oil & Gas customers across in Canada.\" said Mr. Haw.\nTerraVest will acquire Argo Sales using existing cash and credit facilities. \nCaution Regarding Forward-Looking StatementsThis news release contains forward-looking statements.  All statements other than statements of historical fact contained in this news release are forward-looking statements, including, without limitation, statements regarding our strategic direction and evaluation of the business segments and TerraVest as a whole, and other plans and objectives of or involving TerraVest. Readers can identify many of these statements by looking for words such as \"expects\" and \"will\" and similar words or the negative thereof. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. \nBy their nature, forward-looking statements require us to make assumptions and, accordingly, forward looking statements are subject to inherent risks and uncertainties. There is significant risk that the...