financetom
Forex World Market Business Cryptocurrency Commodities MAP
financetom
Business
financetom
/
Business
/
TerraVest Acquires Tank Trailer Manufacturer LBT for US$16 Million
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
TerraVest Acquires Tank Trailer Manufacturer LBT for US$16 Million
Apr 4, 2025 9:09 AM

11:48 AM EDT, 04/04/2025 (MT Newswires) -- TerraVest Industries ( TRRVF ) said Friday it acquired Nebraska-based tank trailer manufacturer LBT for an enterprise value of about US$16.0 million.

According to TerraVest, LBT serves the North American transportation industry and has a long-standing reputation for quality and innovative trailer designs.

"LBT is a well-recognized tank trailer manufacturer, and we see this as a strategic fit as we look to grow our group of tank trailer businesses," chief executive Dustin Haw said. "LBT is highly complimentary with both EnTrans and Advance Engineered Products and we expect to see immediate benefits for all the businesses."

TerraVest shares were last seen down $7.60 to $131.92 on the Toronto Stock Exchange.

Price: 131.63, Change: -7.89, Percent Change: -5.66

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Samsung’s profit drops 95% amid weak memory chip demand
Samsung’s profit drops 95% amid weak memory chip demand
Apr 26, 2023
The world's largest memory chipmaker said its operating profit fell to 640 billion won ($478.6 million) for the first quarter, down 95 percent from last year's 14.12 trillion won and the lowest profit for any quarter in 14 years. Its revenue dropped 18 percent to 63.7 trillion won.
 Can Blinkit be a 'golden egg' for Zomato?
Can Blinkit be a 'golden egg' for Zomato?
Apr 26, 2023
Blinkit could become a successful business for Zomato if it maintains consistent growth in gross order value and profitability in the long term. The integration of Zomato and Blinkit delivery fleet has the potential to result in better delivery management for the company.
 Indian business leaders believe in the power of data but struggle to use it: Salesforce survey
Indian business leaders believe in the power of data but struggle to use it: Salesforce survey
Apr 27, 2023
The report says Indian business leaders are being paralysed by the influx of data, their knowledge of how to best operationalise it, and how to use it to invest strategically, going forward.
 Intel shares rally in after-hours trading despite biggest loss in history
Intel shares rally in after-hours trading despite biggest loss in history
Apr 27, 2023
“You normally have a stronger second half in our industry, and we expect that to be the case. We’re seeing some green shoots in the marketplace. But we think it’s a tough market for all," Intel CEO Pat Gelsinger said.
About
Terms and Conditions Privacy policy Cookie Settings Contact Us
Services
Login register
financetom Market Personal Finance Business Economy Cryptocurrency MAP
Links
zpostcode Recruit weather mreligion Yellowpages sport constellation shopping name game directory literature Word tour furnish Lottery tftnews lyrics News digital car dir Edu Finance
Copyright 2023-2026 - www.financetom.com All Rights Reserved