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The latest announcement is out from TerraVest ( (TSE:TVK) ).
TerraVest Industries Inc. has acquired L.B.T. Inc., a prominent North American manufacturer of tank trailers, for approximately US$16 million. This acquisition is expected to enhance TerraVest’s position in the bulk tank trailer industry, providing increased capacity, innovation, and efficiency to meet the evolving needs of the North American tanker market. The integration of LBT with TerraVest’s existing businesses, such as EnTrans and Advance Engineered Products, is anticipated to deliver immediate benefits and drive long-term growth.
More about TerraVest
TerraVest Industries Inc. operates in the manufacturing industry, focusing on tank trailers and related products. The company is known for its strategic acquisitions and market presence in North America, particularly in the transportation sector.
YTD Price Performance: 24.95%
Average Trading Volume: 110,223
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$2.72B
See more insights into TVK stock on TipRanks’ Stock Analysis page.