Premier Tech

Premier Tech

March 19, 2008 15:48 ET

Premier Tech Acquires GescoFAB Ltd.

RIVIERE-DU-LOUP, QUEBEC--(Marketwire - March 19, 2008) - In keeping with its mission of becoming a technological and commercial leader, Premier Tech is pleased to announce the acquisition of the company GescoFAB Ltd., located in St-Leonard, Quebec.

By this acquisition, Premier Tech Systems (PTS), a business unit of Premier Tech, takes on a team of some 25 highly experienced people who will bring a renowned expertise in the field of industrial handling. This will allow PTS to open a new market, in addition to recycling, as an alternative to Industrial Flexible Packaging while pursuing PTS's long-term development strategy, which is focused on extending the business unit's markets around the world.

Founded in 1993 and now reaching sales of over three million dollars, GescoFAB Ltd. is mostly renowned for the design, manufacturing, and installation of high-performance conveyor systems that are adapted to customers' needs.

This acquisition falls within Premier Tech's philosophy and approach, which are aimed at always offering one of the most exhaustive product lines to its customers in the industrial sector.

CORPORATE PROFILE

For more than 80 years, Premier Tech has been building its know-how and reputation on the various technology-oriented opportunities offered by sphagnum peat moss, an abundant natural resource in Canada. Its seven business units, gathered in three groups (Horticulture and Agriculture, Industrial Equipment and Environmental Technologies) have the mission to become technological and commercial leaders in their respective fields of expertise. Buoyed by a multidisciplinary team of over 1 600 people located in America, Europe and Asia, Premier Tech is building on the development of its personnel, on innovation, research and development, and on the introduction of value-added products. Its strategic approach is supported by ongoing worldwide market development efforts.

Contact Information

  • Premier Tech
    Lynn Maurais
    Corporate Office Director
    418-867-8883 extension 6336
    418-862-6642 (FAX)
    maul@premiertech.com