WOODSTOCK: The new year brings new ownership to an Ontario trucking businesses.
Dry-bulk trucking company, Wilburn Archer Trucking, has been acquired by Woodstock-based Contrans Group Inc.
Wilburn Archer, has operated out of Norwood, Ontario since 1994 and provides specialized transportation services using pneumatic tanks and hopper trailers.
Contrans chair and CEO, Stan Dunford says the deal will be beneficial for his company.
“We believe there will be operating efficiencies from having the Archer business in our group of companies.”
Contrans expects the deal will produce approximately $14 million in annual revenue for the publicly-traded company.
Dunford added that this the acquisition was a rare circumstance.
“There are relatively few opportunities to acquire dry bulk trucking businesses in Ontario.”