Canam Manac sells its semitrailer production unit

Newswire

TORONTO, April 30 (Reuters) - Canadian steel products maker Canam Manac said on Friday that it had sold its Manac semitrailer manufacturing division for C$70 million ($51 million) to a group of Quebec investors that includes Charles Dutil, president of the subsidiary. Excluded from the deal is the division's Orangeville, Ontario, plant, which was closed last year. The move comes as the Quebec-based company reorganizes itself into nine construction products units. Earlier it agreed to ...

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