Clarke Inc. said it has closed the sale of its truckload and less-than-truckload businesses to TransForce Inc. for C$100.5 million.
The holding company expects a gain of $63 million to $68 million from the sale, it said in a Jan. 6 statement. The gain will be reflected in its first-quarter earnings report.
TransForce previously said the Clarke units, which have 600 employees, will generate C$190 million of revenue annually.
Clarke retained its home-heating and commercial- tank businesses.
TransForce is ranked No. 8 on the Transport Topics Top 100 listing of U.S. and Canadian for-hire carriers. It announced in December that it would buy Vitran Corp.'s Canadian assets.
Source:
http://www.ttnews.com/articles/basetemplate.aspx?storyid=33847&t=Clarke-Closes-Sale-of-Freight-Business-to-TransForce
