Premier Tech
TSX : PTL.A

Premier Tech

August 15, 2006 09:00 ET

Premier Tech Acquires Les Machineries Verville inc.

RIVIERE-DU-LOUP, QUEBEC--(CCNMatthews - Aug. 15, 2006) - True to its mission of becoming a technological and commercial leader, Premier Tech (TSX:PTL.A) is happy to announce the acquisition of Les Machineries Verville inc., a company located in Drummondville, Quebec.

With this acquisition, Premier Tech's Industrial Equipment Group (IEG) integrates the renowned expertise of some 50 highly skilled team members. As well, IEG strengthens its position a North-American leader in the field of industrial flexible packaging for organic materials. The addition of a fourth plant in North America allows IEG to improve its presence on its various markets, while diversifying its product line, in order to speed up a more complete penetration of the American territory.

Founded in 1945, Les Machineries Verville inc. has annual sales of over 5 million dollars and is foremost known as the developer of the 4-station densification bagger for packaging of sphagnum peat moss and wood shavings. Through the years, this equipment has become a reference in the field of baled compressed products.

This acquisition is in line with Premier Tech's philosophy and approach, which consist of always offering the most complete product line to its clients of the industrial market.

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 1 400 people based 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. Premier Tech shares are listed on the Toronto Stock Exchange, in Canada, under the symbol PTL.A.

Contact Information

  • Premier Tech
    Lynn Maurais
    Executive Assistant
    (418) 867-8883 ext. 6336
    (418) 862-6642 (FAX)
    maul@premiertech.com