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Slide #19. Clarke Inc. — 90% of Pro-Par Group
Clarke Inc. (TSE:CKI.CA)
90% of Pro-Par Group
Clarke Inc. ("Clarke") (TSX: CKI CKI.DB.A) is pleased to announce that, through Gestion Jerico Inc., its 75%-owned commercial tank and home heating business, it has acquired 90% of Pro-Par Group ("Pro-Par"), a Sherbrooke, Quebec based company with operations in Quebec and Ontario with over 80 employees. Pro-Par is an established and recognized leader in the manufacturing of storage tanks, dispensers and transport units for the Canadian propane industry. Pro-Par's management will continue to own the remaining 10% of the company.
Clarke is an investment holding company. Co. operates in five reportable business segments. The Freight Transportation segment includes the international shipping, trucking and intermodal operations. The Investment segment represents Co.'s marketable securities portfolio. The Home Heating segment represents a North American manufacturer of quality tanks and light commercial storage of heating oil, furnaces and other heating and ventilation-based products. The Entertainment segment represents Co.'s proportionate results of a joint venture. The Other segment consists of the real estate, the treasury, information technology, human resources and executive functions.
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