Strongco Begins Construction on New Orillia Branch
(firmenpresse) - MISSISSAUGA, ONTARIO -- (Marketwire) -- 07/27/11 -- Strongco Corporation (TSX: SQP) announced today that construction has begun on a new branch in Orillia, Ontario. The branch will be a leased facility.
Site work commenced this month on a 1.5-acre parcel of land in Progress Park on the outskirts of Orillia. The property is strategically located between Strongco outlets in Sudbury to the north and Mississauga to the south.
The new Orillia branch will be branded as Volvo and will carry other complementary brands in support of end user markets in the area.
"Orillia is an ideal location for a new branch in south-central Ontario to enable us to improve service to key customers and enhance our market position," said Bob Dryburgh, President and Chief Executive Officer. "We have a large quarry and aggregates industry customer base within a 50-mile radius of the city, particularly on the east side of Lake Simcoe."
Strongco expects to open the new 10,500 square-foot branch in October and has started hiring key people.
About Strongco
Strongco Corporation is one of Canada's largest multiline mobile equipment dealers and also operates in the northeastern U.S. through Chadwick-BaRoss, Inc. Strongco sells, rents and services equipment used in sectors such as construction, infrastructure, mining, oil and gas, utilities, municipalities, waste management and forestry. Strongco has approximately 600 employees servicing customers from 24 branches in Canada and five in the U.S. Strongco represents leading equipment manufacturers with globally recognized brands, including Volvo Construction Equipment, Case Construction, Manitowoc Crane, Terex Cedarapids, Ponsse, Powerscreen, Skyjack, Fassi, Allied, Taylor, ESCO, Dressta, Sennebogen, Takeuchi, Link-Belt and Kawasaki. Strongco is listed on the Toronto Stock Exchange under the symbol SQP.
Contacts:
Strongco Corporation
J. David Wood
Vice President and Chief Financial Officer
905.565.3808
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Datum: 27.07.2011 - 10:05 Uhr
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News-ID 1025047
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