Dover Industries Limited
TSX : DVI

Dover Industries Limited

January 15, 2007 17:13 ET

Dover Industries Limited-Acquisition

BURLINGTON, ONTARIO--(CCNMatthews - Jan. 15, 2007) - Dover Industries Limited (TSX:DVI) announced today that it has reached an agreement with Dawn Food Products (Canada) Ltd. to purchase the assets of their flour mills located in Saskatoon and Humboldt, Saskatchewan.

Dover will co-pack mixes and supply flour to Dawn Foods Products (Canada) Ltd. and will retain present management and some operational personnel at both facilities to ensure current customer service and quality.

Dover Industries Limited operates flour mills in Ontario and Nova Scotia, a paper products division and ice cream cone and plastics plant in Ontario with sales across Canada and the U.S.A.

Dawn Food Products (Canada) Ltd., is a wholly owned subsidiary of Dawn Food Products Inc., one of the world's largest bakery manufacturers and distributors of high-quality, consistent bakery mixes, bases, icings, glazes, fillings, frozen dough, par-baked and fully-baked products to the food industry worldwide.

The transaction is expected to be completed by the end of January, 2007.

Contact Information

  • Dover Industries Limited
    Brian J. Short
    Senior V.P. & C.F.O.
    (905) 333-1515