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RSSRocky Mountain Dealerships to Buy Enns Agri Sales
CALGARY (Oct. 20, 2009) — Rocky Mountain Dealerships Inc. (TSX: RME), a leading agriculture and construction equipment dealer, announced today that it has signed a purchase and sale agreement to acquire the business assets of Enns Agri Sales Ltd., an agriculture dealership in Winkler, Manitoba. The acquisition is anticipated to close on or about November 1.
Enns represents the Case IH agriculture brand, and also carries Yamaha, and Land Pride equipment. In its most recent fiscal year, Enns reported approximate revenues of $13 million.
Upon closing Enns' dealership location will bring Rocky Mountain's Manitoba operations to 6 stores and increase the Company's footprint in Southern Manitoba. This acquisition will represent the 11th location added to Rocky Mountain since the initial public offering in December 2007.
Rocky Mountain represents one of Canada's largest agriculture and construction equipment dealerships and with the acquisition of Enns will operate a total of 23 dealerships branches throughout Alberta, Saskatchewan and Manitoba.
Rocky Mountain sells, rents and leases new and used construction and agriculture equipment, including the Case Construction and Case IH agriculture brands, as well as offering product support and finance and insurance products to its customers.
Source: Canada NewsWire
