Canada NewsWire
CALGARY, AB , Jan. 4, 2023 /CNW/ - ATCO Ltd. (TSX: ACO.X) (TSX: ACO.Y)
ATCO Ltd. today announced that its Structures division has acquired Triple M Modular Housing, a leading North American manufacturer of factory-built, modular housing based in Lethbridge, Alberta . Triple M will operate as a specialized housing division for ATCO Structures within Canada.
"This acquisition boosts ATCO's status as a global leader and innovator in modular construction, offering our customers a diverse range of modular products from residential to commercial to industrial," said Adam Beattie , President, ATCO Structures. "Triple M's ability to deliver affordable, high-quality homes within a short construction timeline is a strategic advantage for us in the current housing market."
Established in 1981, Triple M is the largest manufacturer of modular residential homes in Western Canada . With more than 300 highly trained production employees and an experienced management team, Triple M constructs residential homes and associated products from its 230,000 square foot climate-controlled manufacturing facility. The company has an extensive dealer network in Canada that retails Triple M products to the residential housing market.
The founding business line of ATCO group, ATCO Structures has been in business for 75 years. With manufacturing facilities in Canada , the United States , Mexico , Chile and Australia , ATCO Structures provides global solutions for workforce housing, hotels, medical facilities, schools, multi-family housing and more.
With approximately 6,400 employees and assets of $23 billion, ATCO is a diversified global corporation with investments in the essential services of Structures & Logistics (workforce and residential housing, innovative modular facilities, construction, site support services, workforce lodging services, facility operations and maintenance, defence operations services, and disaster and emergency management services); Utilities (electricity and natural gas transmission and distribution, and international electricity operations); Energy Infrastructure (electricity generation, energy storage and industrial water solutions); Retail Energy (electricity and natural gas retail sales); Transportation (ports and transportation logistics); and Commercial Real Estate. More information can be found at www.ATCO.com .
Investor Inquiries:
Colin Jackson
Senior Vice President, Finance, Treasury, Risk & Sustainability
403 808 2636
Colin.Jackson@ATCO.com
Media Inquiries:
Kurt Kadatz
Director, Corporate Communications
587 228 4571
Kurt.Kadatz@ATCO.com
SOURCE ATCO Ltd.
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