Brampton Brick Limited

Brampton Brick Limited

October 05, 2007 13:42 ET

Brampton Brick Announces Completion of the Sale of Its Medical Waste Business in Nova Scotia

BRAMPTON, ONTARIO--(Marketwire - Oct. 5, 2007) - Brampton Brick Limited (the "Corporation") (TSX:BBL.A) reported today that its 65% owned subsidiary, Medical Waste Management Inc. ("MWM"), has completed the previously announced sale to Stericycle, Inc. ("Stericycle") of its medical waste business operations and assets in Nova Scotia.

In the Corporation's press release issued on October 3, 2007 announcing the sale by MWM to Stericycle of its medical waste business operations and assets in Ontario, excluding its 50% joint venture interest in Sharpsmart Canada Limited ("Sharpsmart"), the Corporation reported that the sale of the Nova Scotia business operations and assets remained conditional upon the receipt of certain consents. Those consents have now been received and the transaction has been completed.

Certain statements contained herein constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors including, but not limited to, those identified under "Risks and Uncertainties" in the Corporation's 2006 Annual Report, which may cause actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.

Brampton Brick Limited is Canada's second largest manufacturer of clay brick and manufactures concrete paving stones, retaining walls and enviro products under the Oaks Concrete Products trade name. Products are used for residential construction and for industrial, commercial, and institutional building projects. Da Vinci Stone Craft Ltd., a 75% owned subsidiary, manufactures fireplace surrounds and accessory products. The Corporation also holds 50% joint venture interests in Sharpsmart Canada Limited, which provides a proprietary reusable sharps containment system to hospitals in Ontario, and in Universal Resource Recovery Inc., which plans to construct and operate a waste composting and material recycling facility in Welland, Ontario.

Contact Information

  • Brampton Brick Limited
    Jeffrey G. Kerbel
    President and Chief Executive Officer
    (905) 840-1011
    Brampton Brick Limited
    Ken Mondor
    Vice-President, Finance
    (905) 840-1011
    (905) 840-1535 (FAX)