Manac mulls merger, company sale
by Canadian Manufacturing.com Staff
The company says it will continue with regular business activities throughout the strategic review
SAINT-GEORGES, Que.—The board of directors at Manac Inc. has initiated a review of strategic alternatives for the Saint-Georges, Que.-based truck trailer manufacturing firm.
Manac says strategic alternatives may include a sale of the company, a merger with another company, or another business combination.
“Manac has a unique position within the North American trailer industry and this enviable position has significant strategic value,” said Michel Labonté, chairman of the board.
The company says it will continue with regular business activities throughout the strategic review and its business operations will be unaffected. Manac says it may ultimately determine that its current business plan represents the best means to enhance shareholder value.