Westeel

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Vicwest's Westeel Division to be Sold to Ag Growth International Inc.

Posted: November 12, 2014

Vicwest's Westeel Division to be Sold to Ag Growth International Inc.

Vicwest Inc. today announced that it has entered into an arrangement agreement with Kingspan Group plc and Ag Growth International Inc., pursuant to which Kingspan (through an acquisition company) has agreed to acquire all of the issued and outstanding common shares of Vicwest for C$12.70 per share in cash by way of a court approved plan of arrangement. As part of the arrangement, substantially all of the assets of Vicwest’s Westeel division will be sold to AGI (through an acquisition company) and Kingspan will retain the Vicwest Building Products division.