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Brampton Brick Ltd completes acquisition of Atlas Block assets

Tuesday, 7 Jan 2014 05:05pm EST 

Brampton Brick Ltd:Says it has completed the previously announced acquisition of substantially all of the assets of Atlas Block, including its facility located in Hillsdale, Ontario.Says the acquisition was made from KPMG Inc., the Court-appointed receiver of Atlas Block, pursuant to an approval and vesting order issued by the Ontario Superior Court of Justice (Commercial List) on Dec. 20, 2013.Says the purchase price is $13.4 mln, including inventory.Says acquisition was financed primarily by the Company drawing upon its previously announced bank financing facility and by assuming certain equipment leases. 

Company Quote

29 Sep 2015