TransForce completes acquisition of Vitran
TransForce Inc., a North American company specialising in the transportation and logistics industry, and Vitran Corporation Inc., a premier Canadian less-than-truckload (“LTL”) transportation firm, are pleased to announce that the acquisition of Vitran by TransForce has been completed.
“The acquisition of Vitran will further enhance our density in the Canadian LTL market and provide synergies going forward. Vitran will remain a standalone entity, under the leadership of Tony Trichilo, within the TransForce group of companies. We are looking forward to leveraging the strengths of the two companies to the benefit of our customers and shareholders. I would like to welcome all Vitran employees and management to the TransForce team,” said Alain Bédard, Chairman, President and Chief Executive Officer of TransForce.
It is anticipated that the common shares of Vitran will be delisted from NASDAQ before the market opens on March 27, 2014, and will be delisted from the TSX at the close of business on or about March 28, 2014.
