Circa Completes Acquisition
CALGARY, July 26 /PRNewswire-FirstCall/ - Circa Enterprises Inc. (CTO- TSX), a manufacturer of surge protection devices and related components for the telecom industry, is pleased to announce that it has completed the purchase of 100% of the outstanding shares of a privately held custom metal fabricating operation located in Markham, Ontario announced on July 22, 2002 for consideration of $1,100,000. This acquisition allows Circa to diversify its business interests and expand its control over its current manufacturing supply chain. It also provides an opportunity to establish a presence in the Ontario marketplace, with the potential for growth in markets for existing and new products. Circa adds the Markham facility to its existing manufacturing locations in Calgary and Hudson, Florida, as well as its new sales and distribution facility in Tampa, Florida. Circa Enterprises Inc. is a public company with offices in Alberta and Florida, trading on the Toronto Stock Exchange under ticker symbol CTO. The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.
SOURCE Circa Enterprises Inc.
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