ADVANCE ENGINEERED PRODUCTS WELCOMES ACQUISITION BY TERRAVEST INDUSTRIES INC.
On April 1st, 2024, the Advance Engineered Products Group of companies is thrilled to announce it’s acquisition by TerraVest Industries Inc., a prominent player in the industrial sector.
TerraVest Industries Inc. is a diversified company with operations in several sectors including energy, agriculture, mining, transportation, and infrastructure. TerraVest is committed to driving sustainable growth and creating long-term value for its stakeholders.
This acquisition marks a significant milestone for Advance Engineered Products, as it opens unparalleled opportunities for expansion, innovation, and growth in the tanker trailer industry. The partnership will undoubtedly propel Advance to new heights.
“We are extremely excited to join forces with the TerraVest family of companies,” stated Mr. Zwarych, President and Chief Executive Officer of Advance Engineered Products. “Together with TerraVest, I am confident that we will take Advance to the next level while continuing to create industry leading value for our outstanding employees and customers.”
Dustin Haw, Chief Executive Officer of TerraVest, expressed his enthusiasm for the acquisition, emphasizing the complementary nature of Advance’s diverse product portfolio and extensive service platform with TerraVest’s existing tank trailer businesses.
“We look forward to leveraging our collective product and service offerings to enhance the Company’s growth. We warmly welcome the talented employees and management of Advance Engineered Products to the TerraVest family and look forward to working together to drive innovation and growth in the industry.” said Mr. Haw.
Advance thanks their loyal customers and suppliers for the continued support over the years and look forward to a bright future ahead, growing together.
