Innocon Inc. Acquires National East Ready Mix Corporation, Bolton Ready Mix Corporation

National, Bolton Ready Mix to continue operating as a separate brand in the Greater Toronto Area

TORONTO, March 31, 2014 /CNW Telbec/ - Innocon Inc., a leading provider of ready mix concrete solutions to the construction industry, today announced it has completed the acquisition of National East Ready Mix Corporation. The acquisition also includes the Bolton Ready Mix Corporation, a wholly owned subsidiary of National. The move is designed to strengthen Innocon's ready mix concrete business in the Greater Toronto Area.

Under the terms of the agreement, Innocon has acquired three (3) ready mix concrete plants as well as forty-five (45) ready mix trucks.

"We're delighted to welcome the 45 employees from National and Bolton Ready Mix into the Innocon family, who will continue to serve as plant, administrative, and sales professionals and allow us to continue delivering value at every turn," said Wayne London, President, Innocon Inc. "National and Bolton Ready Mix have a proud history of quality and service to customers, and a strong commitment to the local community."

The newly acquired ready mix concrete operations will continue operating as separate brands within Innocon. This brand will have separate leadership, and will operate under the National and Bolton Ready Mix names.

"We're fully committed to maintaining the National and Bolton Ready Mix brands in the marketplace and operating to the same high standards that they've always had," added London.

The newly acquired National and Bolton Ready Mix plants are located across the Greater Toronto Area, and will continue serving it's traditional customer base and geography which includes Stouffville, Markham, Richmond Hill, Aurora, Scarborough, Vaughan, Brampton and Bolton.

National and Bolton Ready Mix will continue to focus on the markets and projects they have traditionally supplied. "Our customers and suppliers in these communities will see no change in the way they conduct their business," said London.

SOURCE: Innocon Inc.

Wayne London, President, Innocon Inc., 416 200 0454, [email protected]