This week, TransForce announced two new deals, back-to-back: an agreement with Waste Management of Canada Corporation and the approved acquisition of Clarke Transport Inc.
The agreement with Waste Management allows TransForce to use about 30 percent of the remaining capacity of the Lachute Landfill Site, located in Lachute, Quebec.
"TransForce is pleased with this additional landfill capacity, which allows us to further enhance our service offering in the waste management sector. Given its prime location, the Lachute site will provide significant opportunities to grow our customer base and our density," said Alain Bédard, chairman, president and CEO of TransForce.
The company has 30 years to use this capacity, which amounts to an estimated 1,875,000 tonnes. The transaction gives TransForce's Malex business unit its own disposal capacity, which should improve operating efficiency and cost management. It will make it possible for TransForce to broaden its service offering to municipalities in the Laurentides and Outaouais regions of Québec.
But that's not all. TransForce then announced it has met all the conditions required to get all the shares of Clarke Transport Inc. and of Clarke Road Transport Inc., two subsidiaries of Clarke Inc., a LTL intermodal transport service provider.
Clarke Inc. operates 15 terminals across Canada.
Between the two Clarke subsidiaries, TransForce gains more than 600 staff and independent contractors and expects to make about $190 million in revenues annually.
