CHURCHILL CORP ("CUQ-T") HARTLAND PIPELINE SERVICES LTD ("HAR-T;HARP-Z") - Churchill Subsidiary Closes on Acquisition of H&H
The Churchill Corporation is pleased to announce that its subsidiary Triton Projects Inc. closed on March 17, 2000 its previously announced acquisition of the assets of H&H Oilfield Services from PricewaterhouseCoopers Inc., as interim receiver and manager of Hartland Pipeline Services Ltd., the parent company of H&H, on the basis previously disclosed. Hartland Pipeline Services Ltd. filed for Receivership on November 24, 1999. H&H is a Bonnyville, Alberta-based oilfield mechanical and general construction and maintenance contractor with 22 years of successful operation. Triton is a heavy-industrial mechanical contractor providing services to the petrochemical, oil and gas, electrical co- generation, mining and forest products industries. Triton is based in Nisku, Alberta and also has an office in Calgary.
The Churchill Corporation is a western Canadian commercial and industrial construction corporation with annual revenue in excess of $225 million. Churchill shares are listed on The Toronto Stock Exchange under the trading symbol "CUQ". TEL: (780) 454-3667 Mr. H. R. (Hank) Reid, P. Eng., MBA, President
and CEO
Bill McKenzie, MBA, CFA, Vice President,
Corporate Development,
The Churchill Corporation |
