Date: May 31, 2006
Source: Company Announcement
Labrie Equipment Limited announced today that it has finalized the purchase of the Leach refuse truck product lines from Federal Signal Corporation, including related intellectual properties, and specific, but not all inventories and equipment, and on August 1, 2006 will officially gain control of these assets. The agreement also includes the parts business, which Labrie will acquire on January 1st, 2007.
The transaction will allow Labrie, already the market leader in manual and automated side loaders, to gain a larger part of the remaining other half of the solid waste equipment business.
"It also positions Labrie as a top tier North American leader in waste management equipment," says Claude Boivin, President, "in line with our corporate strategy to consolidate our offering within the solid waste management equipment industry."
The production of rear loaders and new front loaders is slated to begin during the last quarter of 2006, supported by additional, necessary resources which will be added to ensure the successful integration of the Leach product lines.
"It will be business as usual for the Appleton, WI facility," says Jean Bourgeois, Executive Vice-President and General Manager, "which, when it's officially handed over to Labrie, will continue to operate with key personnel retained from the Inside Sales, Customer Satisfaction, Warranty, Administrative and Field Service departments."
The acquisition will also serve to fulfill The Company's objective to become a center of expertise in waste management solutions, creating jobs and developing the next generation of greener, more efficient, smarter and safer solid waste collection equipment.
Labrie, the first ISO 9001 accredited company of its kind, designs and manufactures residential and commercial waste management equipment, sold in North America and Europe.
Always at the forefront of technological innovation, Labrie focuses on R & D, innovation, productivity and exportation, continuously aiming to meet and exceed market demands.
Together with an integral network of over 45 distribution centers, located throughout the U.S. and Canada, customers are directly partnered with dedicated training, maintenance, after-sales and parts services.
For further information contact:
Madeleine Szöts
Marketing Director
Ext. 210
madeleine.szots@labrie.ca.
Noha Mandour
Marketing Comms Manager
Ext. 360
noha.mandour@labrie.ca.
More information: www.labrie.qc.ca.
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