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Aug 24, 2023

Atlas to acquire Léon Chouinard et Fils Co. Ltd

Atlas Engineered Products (AEP) has announced its plans for the acquisition of Léon Chouinard et Fils Co. Ltd./Ltée. (LCF), a manufacturer of wall panels, trusses, and floor systems and a supplier of engineered wood products (EWP).

 

According to the company, the acquisition is part of its move to expand Atlas’ geographical reach as well as its capacity in the area of wall panel manufacturing.

 

“Now is the time to move forward with a strategic acquisition that expands our reach into a new location as we continue to grow our national footprint,” said Hadi Abassi, CEO, President and Founder of Atlas. “LCF fits nicely into our overall, long-term strategic plan and we are excited they have joined the AEP group of companies. The Company is currently reviewing a number of additional acquisition targets and will maintain a disciplined approach to acquiring new manufacturing facilities that fit our long-term goals.”

 

LCF reported a revenue of $25.7 million, a net income of more than $6.3 million, and non-IFRS measure normalized EBITDA of approximately $9.47 million in 2022.

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