Business
TERRAVEST ANNOUNCES THE ACQUISITION OF L.B.T. Inc.
TERRAVEST ANNOUNCES THE ACQUISITION OF L.B.T. Inc. Canada NewsWire TORONTO ...
About this update from Terravest Industries, Inc.
[{"type":"text","content":"\n\n\n\n TERRAVEST ANNOUNCES THE ACQUISITION OF L.B.T. Inc.\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.prntal{\nTEXT-ALIGN: LEFT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n TORONTO\n \n ,\n \n April 4, 2025\n \n /CNW/ - TerraVest Industries Inc. (TSX: TVK) (\"TerraVest\") is pleased to announce that it has acquired L.B.T. Inc. (\"LBT\" or the \"Company\") – a premier North American manufacturer of tank trailers. LBT was acquired for an enterprise value of approximately\n \n US$16\n \n .0 million, including the assumption of certain liabilities, and subject to customary closing adjustments.\n \n\n Headquartered in\n \n Omaha Nebraska\n \n , LBT is a widely recognized manufacturer of tank trailers serving the North American transportation industry. Known for building the \"Toughest Tank in the Industry\", LBT has a loyal brand following and a long-standing reputation for quality and innovative trailer designs.\n \n\n \"I would like to wish TerraVest continued success as they grow in the bulk tank trailer industry. I very much look forward to watching them extend and grow the legacy of LBT in\n \n Omaha\n \n and in the aluminum bulk tank trailer industry for many years to come.\" – Tony Roberts Owner of L.B.T. Inc.\n \n\n\n Dustin Haw\n \n , Chief Executive Officer welcomes the employees and management of LBT and looks forward to their continuing commitment to the Company and dedication to their customers. \"I am excited to welcome the LBT team into the TerraVest family. LBT is a well-recognized tank trailer manufacturer, and we see this as a strategic fit as we look to grow our group of tank trailer businesses. LBT is highly complimentary with both EnTrans and Advance Engineered Products and we expect to see immediate benefits for all the businesses.\" said Mr. Haw.\n \n\n \"LBT is a great strategic fit for TerraVest and EnTrans, strengthening our position in the industry,\" said\n \n Ryan Rockafellow\n \n , CEO of EnTrans. \"This combination will provide the newly integrated entity with unmatched capacity, innovation,...