Anzeige
Mehr »
Donnerstag, 08.05.2025 - Börsentäglich über 12.000 News
Warren Buffetts Vermächtnis: Kohle, Gold und der Aufstieg von…
Anzeige

Indizes

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Aktien

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Xetra-Orderbuch

Fonds

Kurs

%

Devisen

Kurs

%

Rohstoffe

Kurs

%

Themen

Kurs

%

Erweiterte Suche

WKN: 891500 | ISIN: CA85853F1053 | Ticker-Symbol: 97S
Tradegate
06.05.25 | 13:23
43,400 Euro
-3,98 % -1,800
Branche
Holz/Papier
Aktienmarkt
Sonstige
1-Jahres-Chart
STELLA-JONES INC Chart 1 Jahr
5-Tage-Chart
STELLA-JONES INC 5-Tage-Chart
RealtimeGeldBriefZeit
44,60045,60007.05.
45,00045,20007.05.
GlobeNewswire (Europe)
107 Leser
Artikel bewerten:
(0)

Stella-Jones Inc.: Stella-Jones Grows Into Electrical Transmission Steel Structures With the Acquisition of Locweld

Finanznachrichten News

MONTREAL, May 07, 2025 (GLOBE NEWSWIRE) -- Stella-Jones Inc. (TSX: SJ) ("Stella-Jones" or "the Company") announced today that it has entered into a definitive agreement to acquire Locweld Inc. ("Locweld"), a leading designer and manufacturer of lattice transmission towers and steel poles. The closing of the acquisition is expected to occur today.

Based in Candiac, Quebec, Locweld has established a strong reputation for its commitment to quality and service, with over 75 years of operations. Led by a seasoned management team, Locweld employs approximately 220 people and services customers in both Canada and the United States from its 220,000 square foot facility.

"This acquisition is a step-change that enables Stella-Jones to establish a presence in the approximately five-billion-dollar steel transmission structure market, complementing our current utility poles business and offering new growth opportunities," said Eric Vachon, President and Chief Executive Officer of Stella-Jones. "We are executing on our strategy to broaden Stella-Jones' infrastructure offering with an acquisition that capitalizes on our expansive sales and distribution network. With this strategic move, we are well positioned to better serve our customers and gain invaluable experience as we work to continually develop our reach," he concluded.

"For almost 40 years, the Cyr family has been at the helm of Locweld, and we are excited to have identified a strategic buyer in Stella-Jones," said Michael Cyr, Chief Executive Officer of Locweld. "This transaction will be mutually beneficial; Locweld will benefit from the breadth and strength of a larger organization that views the transmission structure industry as a keystone of its future growth, and our team will bring industry expertise and know-how to continue to deliver exceptional value to customers," he added.

The consideration for the acquisition consists of a purchase price of $58 million on a cash-free debt-free basis and subject to customary working capital adjustments. An additional performance-based consideration of up to seven million dollars may be paid contingent upon achieving specific financial and operational milestones. Stella-Jones also intends to invest in a capital expenditure program of approximately $15 million to increase Locweld's current output and optimize operational efficiencies. Michael Cyr, Chief Executive Officer of Locweld, will be moving on from his role, and key members of management will remain within the organization to support the business. Sales for Locweld's year ended September 30, 2024 reached approximately $55 million. The Company will finance the acquisition through its existing revolving credit facilities.

Stella-Jones does not expect to make any further announcement regarding the transaction.

ABOUT STELLA-JONES

Stella-Jones Inc. (TSX: SJ) is a leading North American manufacturer of products focused on supporting infrastructure that are essential to the delivery of electrical distribution and transmission, and the operation and maintenance of railway transportation systems. It supplies the continent's major electrical utilities companies with treated wood utility poles and North America's Class 1, short line and commercial railroad operators with treated wood railway ties and timbers. It also supports infrastructure with industrial products, namely timbers for railway bridges, crossings and construction, marine and foundation pilings, and coal tar-based products. Additionally, the Company manufactures and distributes premium treated residential lumber and accessories to Canadian and American retailers for outdoor applications, with a significant portion of the business devoted to servicing Canadian customers through its national manufacturing and distribution network.

Except for historical information provided herein, this press release contains information and statements of a forward looking nature concerning the future performance of the Company and the acquisition described herein. These statements are based on suppositions, risks and uncertainties as well as on management's best possible evaluation of future events. As a result, readers are advised that actual results may differ from expected results and should not place undue reliance on forward-looking information.

Head Office
3100 de la Côte-Vertu Blvd., Suite 300
Saint-Laurent, Québec
H4R 2J8
Tel.: (514) 934-8666
Fax: (514) 934-5327
Exchange Listings
The Toronto Stock Exchange
Stock Symbol: SJ

Transfer Agent and Registrar
Computershare Investor Services Inc.
Investor Relations
Silvana Travaglini
Senior Vice-President and Chief Financial Officer
Tel.: (514) 934-8660
Fax: (514) 934-5327
stravaglini@stella-jones.com
Source:Stella-Jones Inc.Stella-Jones Inc.
Contacts:Silvana Travaglini, CPAStephanie Corrente
Senior Vice-President and Chief Financial Officer
Stella-Jones
Director, Corporate Communications
Stella-Jones
Tel.: (514) 934-8660
stravaglini@stella-jones.comcommunications@stella-jones.com

© 2025 GlobeNewswire (Europe)
Die USA haben fertig! 5 Aktien für den China-Boom
Die Finanzwelt ist im Umbruch! Nach Jahren der Dominanz erschüttert Donald Trumps erratische Wirtschaftspolitik das Fundament des amerikanischen Kapitalismus. Handelskriege, Rekordzölle und politische Isolation haben eine Kapitalflucht historischen Ausmaßes ausgelöst.

Milliarden strömen aus den USA – und suchen neue, lukrative Ziele. Und genau hier kommt China ins Spiel. Trotz aller Spannungen wächst die chinesische Wirtschaft dynamisch weiter, Innovation und Digitalisierung treiben die Märkte an.

Im kostenlosen Spezialreport stellen wir Ihnen 5 Aktien aus China vor, die vom US-Niedergang profitieren und das Potenzial haben, den Markt regelrecht zu überflügeln. Wer jetzt klug investiert, sichert sich den Zugang zu den neuen Wachstums-Champions von morgen.

Holen Sie sich den neuesten Report! Verpassen Sie nicht, welche 5 Aktien die Konkurrenz aus den USA outperformen dürften, und laden Sie sich das Gratis-PDF jetzt kostenlos herunter.

Dieses exklusive Angebot gilt aber nur für kurze Zeit! Daher jetzt downloaden!
Werbehinweise: Die Billigung des Basisprospekts durch die BaFin ist nicht als ihre Befürwortung der angebotenen Wertpapiere zu verstehen. Wir empfehlen Interessenten und potenziellen Anlegern den Basisprospekt und die Endgültigen Bedingungen zu lesen, bevor sie eine Anlageentscheidung treffen, um sich möglichst umfassend zu informieren, insbesondere über die potenziellen Risiken und Chancen des Wertpapiers. Sie sind im Begriff, ein Produkt zu erwerben, das nicht einfach ist und schwer zu verstehen sein kann.