SAINT-GEORGES, QC, Oct. 21, 2014 /PRNewswire/ - Manac Inc. (TSX: MA)
("Manac"), a North American leader in the design and manufacturing
of specialty trailers, and Peerless Limited ("Peerless"), its
wholly-owned subsidiary located in Penticton, British Columbia, are pleased to
announce appointments that aim at strengthening their growth
strategy, product development and operations across North America.
Andy McEachern joined Peerless as
Senior Vice-President of Peerless following the acquisition by
Manac of all of the issued and outstanding shares of Peerless on
June 17, 2014. Mr. McEachern is
responsible for overseeing all the Canadian and US activities of
Peerless and leading the development and growth of its operations.
A recognized leader within the trailer manufacturing industry with
28 years of experience (including more than 18 years of past
experience working in managerial positions at Peerless), Mr.
McEachern brings sound business experience and acumen to a
demanding market segment. Mr. McEachern holds a degree in
mechanical engineering and has completed the Executive Development
Program at the J.L. Kellogg School of Management at Northwestern University, Chicago.
Manac also announces the return of Denis
Gosselin as Director of Product Engineering. Mr. Gosselin
has held technical responsibilities in the industry since 1988 when
he first joined Manac. From 2005 to recently, he held a product
development role with a major US based specialty trailer
manufacturer. He rejoined Manac in early July. His appointment
follows the relocation of industry veteran Marc Berthiaume to Peerless in the role of
Vice-President, Operations.
In addition, Manac welcomes Joel
Stanwood to its Board of Directors. Mr. Stanwood holds a
B.S. in Mechanical Engineering from Texas
A&M University, magna cum laude, and an M.B.A. from the
J.L. Kellogg School of Management at Northwestern University with majors in finance,
management and strategy. Mr. Stanwood, a Lean and Six-Sigma Black
Belt, is a partner at American Industrial Partners (AIP) and brings
Manac a wealth of experience and knowledge in investment
underwriting, business transformation and value creation
initiatives. Manac also extends its gratitude to Eric Baroyan, who recently stepped down as
director of Manac, for his significant service as director of
Manac. Mr. Baroyan is also a partner at AIP and remains actively
involved in managing AIP investments.
"The appointment of these talented individuals to our executive
teams and Manac's Board of Directors supports our targeted progress
and growth strategy for the years to come. I have tremendous
respect for their experience and accomplishments and believe we are
more committed and dedicated than ever to expand our reach and
know-how," said Charles Dutil, Chief
Executive Officer of Manac.
About Manac
Manac is the largest manufacturer of trailers in Canada and a leader in the manufacturing of
specialty trailers in North
America. Manac offers a wide range of vans, flatbeds and
specialty trailers such as dumps, low beds, grain hoppers, chip and
logging trailers, all of which are sold in Canada and the
United States under the recognized brands Manac®, CPS®,
Darkwing®, UltraPlate® and Liddell Canada®. Manac services the
heavy-duty trailer industry for the highway transportation,
construction, forestry and agricultural sectors and manufactures
its trailers in facilities located in Saint-Georges, Quebec as well as Oran and Kennett,
Missouri. Through its wholly-owned subsidiary Peerless,
located in Penticton, British
Columbia, Manac also designs and manufactures highly
specialized trailers and chassis for the oil and gas, mining,
forestry, logging and construction industries.
Forward looking statements
This document may contain forward-looking statements that
reflect management's current expectations regarding future events.
Forward-looking statements are based on a number of factors and
include risks and uncertainties. Actual results may differ from
forecast results. Management assumes no obligation beyond what is
required under the law to update or revise forward-looking
statements pursuant to new information or future events.
SOURCE Manac Inc.