TerraVest Acquires Tank Trailer Manufacturer LBT for US$16 Million

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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

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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