Although it was not disclosed how much was paid for the interest, the deal included purchase of land and funds that will be applied toward a future manufacturing facility under the name ATCO Sabinco S. A., as canadianmanufacturing informs MHProNews.
“Re-establishing a position in the South American market allows us to expand our global reach and further diversify our revenue sources,” Stephen Lockwood, president and CEO of the company’s Structures & Logistics division, said. He added, “ATCO’s expertise in manufacturing and project execution, paired with Sabinco’s diverse client base and local knowledge, will allow ATCO-Sabinco S.A. to expand its product offering and grow its customer base.”
(Photo credit: ATCO Group–workforce housing in Alberta, Canada)
