Business
TerraVest Announces the Acquisition of ECR International
TerraVest Announces the Acquisition of ECR International Canada NewsWire ...
About this update from Terravest Industries, Inc.
[{"type":"text","content":"\n \n \n \n TerraVest Announces the Acquisition of ECR International\n \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 Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Aug. 20, 2021\n \n /CNW/ - TerraVest Industries Inc., (TSX: TVK) (\"TerraVest\" or the \"Company\") announces today that it has acquired all the issued and outstanding shares of ECR International Corp. (\"ECR\" or the \"Company\").  ECR, head-quartered in\n \n Utica New York\n \n , is a privately-owned manufacturing company that produces heating and cooling products under a family of brand names in\n \n North America\n \n , including the\n \n Dunkirk\n \n ,\n \n Utica\n \n and Olsen brands, among others.\n \n \n \n Dustin Haw\n \n , Chief Executive Officer of TerraVest, welcomes the employees of ECR and looks forward to their continuing commitment to the business and its customers. \"ECR International is a strong business with a portfolio of successful brands, and we're delighted to welcome its employees to the TerraVest family. ECR fits within our portfolio of businesses perfectly and we look forward to nurturing its growth and further strengthening our position in the North American heating market.\" said Mr. Haw.\n \n \n TerraVest will acquire ECR using existing cash and credit facilities.\n \n \n \n \n Caution Regarding Forward-Looking Statements\n \n \n \n \n \n This 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\" or similar terms or variations of these words. 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.\n \n \n \n \n By t...