Business
TerraVest Capital Inc. Completes Acquisition of NWP Industries Inc.
VEGREVILLE, AB and TORONTO , Aug. 8, 2014 /CNW/ - TerraVest Capital Inc. (TSX:TVK) ann...
About this update from Terravest Industries, Inc.
[{"type":"text","content":"\n\n\nVEGREVILLE, AB and TORONTO, Aug. 8, 2014 /CNW/ - TerraVest Capital Inc.\n (TSX:TVK) announced today the successful completion of its acquisition\n of substantially all of the assets of NWP Industries Inc., an\n Innisfail, Alberta based company primarily focused on manufacturing\n high quality high quality oil & gas processing equipment for customers\n in Western Canada.  Management believes the acquisition will be\n immediately accretive to cash available for distribution by\n approximately 10%.  In addition, management anticipates material\n operating efficiencies to accrue over the next 12 to 18 months. The\n acquisition was first announced on August 5, 2014.\n\n\nForward-Looking Information\n\n\nCertain statements contained or incorporated by reference herein,\n including those that express management's expectations or estimates of\n future developments or TerraVest future performance, constitute\n \"forward-looking statements\" within the meaning of applicable\n securities laws, and can generally be identified by words such as\n \"will\", \"may\", \"could\" \"expects\", \"believes\", \"anticipates\",\n \"forecasts\", \"plans\", \"intends\" or similar expressions. These\n statements are not historical facts but instead represent management's\n expectations, estimates and projections regarding future events and\n performance.\n\n\nForward-looking statements are necessarily based upon a number of\n opinions, estimates and assumptions that, while considered reasonable\n by management at the time the statements are made, are inherently\n subject to significant business, economic and competitive risks,\n uncertainties and contingencies. TerraVest cautions that such\n forward-looking statements involve known and unknown contingencies,\n uncertainties and other risks that may cause TerraVest's actual\n financial results, performance or achievements to be materially\n different from its estimated future results, performance or\n achievements expressed or implied by those forward-looking statements.\n Numerous factors could cause actual results to differ materially from\n those in the forward-looking statements, including without limitation:\n TerraVest's ability to integrate NWP's business into its operations;\n impact of general economic conditions; its dependence on key customers;\n cyclical trends in TerraVest'...