NORTH PLAINS, Ore., May 1 /CNW/ -- Jewett-Cameron Trading Company Ltd. (Nasdaq: JCTCF; TSX: JCT) has announced the recent acquisition of new product lines that will be sold by MSI-PRO Co., which is a wholly owned subsidiary of Jewett-Cameron. New products lines include saw blades, digital calipers and laser guides. Also included in the acquisition are measuring tools, which broaden an existing product line at MSI-PRO. These new products carry the Avenger Products brand label and can be viewed at www.avengerproducts.com.
Don Boone, CEO of Jewett-Cameron commented on the acquisition, "These new products will enable MSI-PRO to broaden its customer base and at the same time offer a broader product offering to existing customers. We expect this acquisition to significantly increase the sales and earnings that are being generated by this segment of our company."
About Jewett-Cameron Trading Company Ltd.
Jewett-Cameron is a wholesale distributor of specialty wood products principally for applications in the marine and transportation industries. The company is also a wholesaler of building materials and a manufacturer and distributor of specialty wood and metal products for home centers and other retailers. Other activities at Jewett-Cameron include processing and distribution of agricultural seed and the distribution of tools and clamps. The area of most significant growth within Jewett-Cameron is the manufacture and distribution of specialty metal products like dog kennels, gate support systems, perimeter fencing, and greenhouses.
Forward-looking Statements
The information in this release contains certain forward-looking statements that anticipate future trends and events. These statements are based on certain assumptions that may prove erroneous and are subject to certain risks, including by not limited to the uncertainties of the company's new product introductions, the risks of increased competition and technological change in the company's industry, and other factors detailed in the company's SEC filings. Accordingly, actual results may differ, possibly materially, from predictions contained herein.
Contact: Don Boone, President & CEO, (503) 647-0110
