Western Announces Closing of its Acquisition of Foothills Creamery Ltd.
March 02 2018 - 7:28PM
The Western Investment Company of Canada Limited
(“Western”) (TSX-V:WI) confirms it has closed its previously
announced acquisition of Foothills Creamery Ltd., pursuant to a
share purchase agreement dated effective February 26, 2018. The
transaction was an arm’s length acquisition, and no finders fees or
commissions were payable by Western.
The total value of the acquisition is $27.6
million and is subject to typical post-closing adjustments
About Western
(www.winv.ca)
Western’s strategy is to create a diversified
portfolio of established Western Canadian businesses and create
value through the identification and long-term ownership of
companies with sustained cash flows and strong potential for
organic growth.
CONTACT INFORMATIONThe Western
Investment Company of Canada LimitedScott TannasPresident and Chief
Executive Officer(403) 652‐2663stannas@winv.ca
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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