Atlas Engineered Products is one of British Columbia’s leading suppliers of trusses and engineered wood products. The company was formed over 18 years ago and operates manufacturing and distribution facilities in Nanaimo to meet the needs of residential and commercial builders. Atlas has expert design and engineering teams, a multiple-shift state-of-the-art truss manufacturing operation, and large inventories of engineered beam and flooring components. Atlas aims to grow its base of business across Canada by pursuing an aggressive acquisition and consolidation strategy, and will continue to bring its construction industry partners unparalleled excellence in service, product, and support.
At the beginning of November 2017, Archer Petroleum Corp. announced that it has completed its acquisition of Atlas Engineered Products Ltd. and completed a private placement financing for gross proceeds of $4,254,400. As part of the transaction Archer changed its name to Atlas Engineered Products Ltd. and the company commenced trading on the TSX Venture Exchange as a Tier 1 industrial issuer under the symbol “AEP”.
We are very proud of this significant milestone. The Atlas Engineered Products RTO and related financing marks the first step in our acquisition and consolidation strategy to create Canada’s largest network of truss and engineered wood products manufacturing and distribution facilities. Our goal within 3 years is to build an enterprise with over $50 million in sales volume by acquiring successful operations in communities across Canada.
As we welcome acquired companies into the Atlas family, we aim to protect the financial interests of the truss company owners we partner with, provide career growth and other opportunities to the employees who have served them loyally over the years, remain valuable members of the business communities that are home to these
Information set forth in this website contains forward-looking statements. These statements reflect management’s current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company’s control. Such factors include, among other things: risks and uncertainties relating to the Company including those to be described in the Filing Statement filed by the Company on www.sedar.com. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.