Producer of modular workforce buildings, mobile offices, and permanent modular buildings, Canada’s Atco Ltd. has sold its half of the joint venture in South America with Tecno Fast to its partner for Canada $124 million. The sale includes assets in Brazil, Chile, Colombia and Peru, according to winnipegfreepress.com. With 8,800 employees worldwide, and clients in over 100 countries, as MHProNews has learned, Atco Structures and Logistics has other working subsidiaries in South America and may re-enter the modular market at a later date.

(Photo credit: dl-online.com–Homark Homes modular bunkhouse)