Tricor Pacific Capital, Inc.

Tricor Pacific Capital, Inc.

March 19, 2008 21:09 ET

Tricor Pacific Capital, Inc.: Expocrete Concrete Products Acquires Weldon's Concrete Products

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 19, 2008) - Expocrete Concrete Products Ltd. ("Expocrete"), a portfolio company of Tricor Pacific Capital, Inc. ("Tricor"), a Vancouver private equity firm with offices in Vancouver, B.C. and Lake Forest (Chicago), IL, has acquired Weldon's Concrete Products Limited ("Weldon's"). Weldon's is Saskatchewan's leading masonry, hollow core and concrete pipe manufacturer, serving customers in Saskatchewan, Alberta and Manitoba. Located in Saskatoon, Weldon's manufactures specialized concrete products for the infrastructure (government and other), construction (residential, commercial and industrial), and agricultural markets.

The combination of the two provincial market leaders creates a formidable presence in Western Canada. Norman Dick, Expocrete's President, stated, "Through the acquisition of Weldon's, we are gaining exposure to another top performing economy in Canada and an exceptional management team led by the company's President, Merlis Belsher. We are excited about realizing on significant growth opportunities for the combined entity."

Trevor Johnstone, Managing Director of Tricor, added, "We are pleased to assist Expocrete's management in acquiring such a high-quality company. Weldon's has been the most recognized name in Saskatchewan's concrete products industry since 1945. We look forward to continuing this tradition and partnering with the leader that has presided over Weldon's for over 40 years."

Tricor acquired Expocrete in November 2007. Together with Expocrete's management team, Tricor is capitalizing on opportunities in the robust Western Canadian market. Weldon's is Expocrete's first strategic acquisition.

About Expocrete

Expocrete is a leading Alberta-based supplier of specialized, high-quality concrete products. Headquartered in Edmonton, Expocrete sells paving stones, stack stones, retaining walls, slabs, concrete blocks and other concrete products to the building (residential, commercial and industrial), and infrastructure (government and other) markets directly and through major Canadian building materials retailers and buying groups. To learn more about Expocrete, visit www.expocrete.com.

About Tricor

Tricor is one of Canada's leading private equity firms. Tricor currently manages approximately $1 billion of capital, and is investing its fourth fund with $555 million in committed capital. Headquartered in Vancouver, with an office in Chicago, Tricor invests in middle-market companies in Western Canada and the Western U.S. Since 1996, Tricor has made 30 acquisitions in the manufacturing, service, distribution and consumer product sectors. The firm targets companies with enterprise values of $25 million to $200 million. Tricor has created significant value by growing and expanding Canadian businesses into the U.S. market and U.S. businesses into the Canadian market. For more information, please visit www.tricorpacific.com.

Contact Information