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Slide #7. Brampton Brick — Atlas Block Assets
Brampton Brick (TSE:BBL.A.CA)
Atlas Block Assets
Brampton Brick Limited (TSX:BBL.A) today announced that it has entered into an asset purchase agreement to acquire substantially all of the assets of Atlas Block, including its state-of-the-art facility located in Hillsdale, Ontario. The acquisition is being made from KPMG Inc., the Court-appointed receiver of Atlas Block, and is subject to the Corporation being satisfied with certain due diligence investigations and to the issue by the Court of an approval and vesting order in a form reasonably acceptable to the Corporation.
Brampton Brick is engaged in the manufacture of clay brick. Co. operates in two dominant business segments: Masonry Products and Landscape Products. The Masonry Products segment manufactures clay brick and a range of concrete masonry products including stone veneer, window sills and concrete brick for use in residential construction and institutional, commercial and industrial building projects, marketed under the Stoneworks. The Landscape Products segment manufactures concrete paving stones and retaining walls, garden walls, and sales of accessory products for use in residential construction and institutional, commercial and industrial building projects.
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