Tuesday, September 3, 2019
TORONTO (Sept. 3, 2019) — TerraVest Industries Inc. announced today that it has acquired the assets of Iowa Steel Fabrication LLC, doing business as Countryside Tank Company and Majona Steel Corporation (collectively, "Countryside Tank"). Countryside Tank is a privately-owned Iowa based company primarily focused on manufacturing transportation equipment for the propane and anhydrous ammonia markets as well as structural steel projects.
Dustin Haw, Chief Executive Officer of TerraVest, welcomes the employees of Countryside Tank and looks forward to their continuing commitment to the business and its customers. "Countryside Tank is a leading manufacturer of propane and anhydrous ammonia trailers for the U.S. market, the addition of the company enhances TerraVest's propane and NH3 trailer offering in the U.S. as well as the scope of services it offers in the Midwest. Countryside Tank will play a role in TerraVest's overall effort to maximize product and service capabilities to customers across North America," said Mr. Haw.
TerraVest will acquire Countryside Tank using existing cash and credit facilities.
Dustin Haw, Chief Executive Officer of TerraVest, welcomes the employees of Countryside Tank and looks forward to their continuing commitment to the business and its customers. "Countryside Tank is a leading manufacturer of propane and anhydrous ammonia trailers for the U.S. market, the addition of the company enhances TerraVest's propane and NH3 trailer offering in the U.S. as well as the scope of services it offers in the Midwest. Countryside Tank will play a role in TerraVest's overall effort to maximize product and service capabilities to customers across North America," said Mr. Haw.
TerraVest will acquire Countryside Tank using existing cash and credit facilities.
