Business
TerraVest Capital Inc. Announces Acquisition of Fischer Tanks
TerraVest Capital Inc. Announces Acquisition of Fischer Tanks Canada NewsWire VE...
About this update from Terravest Industries, Inc.
[{"type":"text","content":"\n\n\n\nTerraVest Capital Inc. Announces Acquisition of Fischer Tanks\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\nVEGREVILLE, AB, Sept. 19, 2017\n\n\n\nVEGREVILLE, AB, Sept. 19, 2017 /CNW/ - TerraVest Capital Inc. (TSX:TVK) (the \"Company\" or \"TerraVest\") announced today that a wholly-owned subsidiary of the Company has acquired all of the assets of Fischer Tanks LLC and affiliated companies (Fischer), a privately-owned Kaleva, Michigan based company primarily focused on refurbishing and manufacturing domestic propane tanks for the US and Canadian Markets. It also has its own fleet of trucks and trailers.\n\nThe acquisition of Fischer enhances TerraVest's position as a leader in the North American propane industry, providing customers with full scope services including the manufacturing of domestic propane tanks, large storage vessels, trailers and bobtails as well as the refurbishment of used propane tanks.\n\nAccording to Doug Fischer, General Manager of Fischer, \"Joining forces with TerraVest is a natural fit that allows us to provide customers with additional products and services from TerraVest's market leading propane subsidiaries. Tank refurbishment complements TerraVest's current product offerings and I feel confident that we will ensure the continuity at Fischer by maintaining jobs, upholding product quality standards, caring for clients, and building out our expertise for customers.\"\n\nDustin Haw, CEO of TerraVest, added that \"Fischer Tanks is a great addition to our company and I am pleased to welcome Fischer employees. Fischer is an industry leader in propane tank refurbishing. This acquisition aligns well with our core competencies and greatly enhances our product offering to customers.\"\n\nAbout TerraVest Capital Inc.TerraVest Capital is an Industrial Manufacturer focused on acquiring businesses with strong cash flow generation, operating success, strong balance sheets and committed management teams. We are focused on creating value for shareholders through our existing lines of business as well as acquiring additional busines...