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AEP Industries Inc Completes Purchase Of Films Business From Transco Plastics Industries Ltd.


Thursday, 8 Nov 2012 03:46pm EST 

AEP Industries Inc announced that the Company, along with its Canadian subsidiary, AEP Canada Inc., has completed the previously announced purchase of the machinery and equipment and related assets necessary to manufacture the performance films, specialty bags and industrial films of Transco Plastics Industries Ltd. (Transco). AEP purchased the films business for approximately $5.3 million, excluding a one-year commission and transition service costs. As previously announced, the Company intends to relocate the manufacturing activities associated with the Transco businesses to its strategically located manufacturing sites throughout North America. 

Company Quote

44.72
0.9 +2.05%
11:19am EDT