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Strongco finalizes land purchase for Fort McMurray branch


January 30, 2013
By Marketwire

January
30, 2013, Mississauga, Ont. – Strongco Corporation announced it has completed
the purchase of six acres of land that will be used to build its new branch in
Fort McMurray, Alberta.

January
30, 2013, Mississauga, Ont. – Strongco Corporation announced it has completed
the purchase of six acres of land that will be used to build its new branch in
Fort McMurray, Alberta.

 

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As
previously announced, the new branch will carry the full line of products from
Volvo Construction Equipment and complementary brands as well as Manitowoc,
National and Grove crane products. Construction on the 23,000 square foot
facility is scheduled to begin in the spring and is slated for completion in
the Spring of 2014.

 

"Strongco's
expansion into Fort McMurray is an important step for us as it further builds
on our growing presence in Alberta and gives us higher visibility in the key
markets in the province," said Bob Dryburgh, President and Chief Executive
Officer of Strongco. "This development also extends our growth strategy by
establishing well located branches capable of providing timely product support
and services to our customers."

 

The new
Fort McMurray branch will involve a total capital cost of $18.5 million, for
which financing was arranged with Strongco's current bank.