Wajax Income Fund

Wajax Income Fund

September 08, 2008 12:40 ET

Wajax Receives Competition Bureau Approval and Completes Purchase of Weir Process Equipment Business

TORONTO, ONTARIO--(Marketwire - Sept. 8, 2008) - Wajax Income Fund (TSX:WJX.UN) announced that it has received approval from the Competition Bureau to proceed with its previously announced agreement to acquire the assets of Weir Process Equipment, a division of Weir Canada Inc. for $25.4 million, subject to post-closing adjustments. The transaction closed today.

Wajax is a diversified income fund that has three core distribution businesses engaged in the sale and after-sales parts and service support of mobile equipment, industrial components and power systems, through a network of over 100 branches across Canada. Its customer base spans natural resources, construction, transportation, manufacturing, industrial processing and utilities.

Contact Information

  • Wajax Income Fund
    Neil Manning
    President and Chief Executive Officer
    (905) 212-3300
    Email: nmanning@wajax.com
    Wajax Income Fund
    John Hamilton
    Chief Financial Officer
    (905) 212-3300
    Email: jhamilton@wajax.com