Wajax Receives Competition Bureau Approval and Completes Purchase of Weir Process Equipment Business
Wajax Income Fund announced that it has received approval from the Competition Bureau to proceed with its previously announced agreement to acquire the assets of Weir Process Equipment, a division of Weir Canada Inc. for $25.4 million, subject to post-closing adjustments. The transaction closed today.
Wajax is a diversified income fund that has three core distribution businesses engaged in the sale and after-sales parts and service support of mobile equipment, industrial components and power systems, through a network of over 100 branches across Canada. Its customer base spans natural resources, construction, transportation, manufacturing, industrial processing and utilities.
