McMunn & Yates Buildings Supplies Ltd Acquisition Announcement
 Print this Article | Send to Colleague
McMunn & Yates Buildings Supplies Ltd. has entered into an asset purchase agreement with G. F. Loewen Enterprises Ltd. in Steinbach, MB. Owned by Gary, Roger and Curt Loewen, the business operates under the trade name of C.T. Loewen Building Center. The effective date of this transaction is December 1, 2010.
This acquisition will greatly strengthen our company and will further build our position in the Manitoba market. As of December 1, 2010 the store and concrete plant will operate under the McMunn & Yates Building Supplies Ltd. banner and will become a member of the ILDC buying group.
We are also pleased to announce that Ray Maynard will remain as the General Manager of the operation. Joel Hartung will continue as Store Manager and Mike Kauenhofen will continue to lead the operations of the concrete plant.
We would like to thank Gary, Roger and Curt Loewen for their assistance throughout this transaction. We also congratulate them and their family for providing outstanding support and service to the building and construction industry for over 105 years. We wish the Loewen family all the best in their future endeavours.
|
