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Non-Tech : Ritchie Bros. (RBA)

RBA 97.37

-1.9%

Nov 3 3:59 PM EST

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From: JakeStraw	11/19/2009 8:05:59 AM
	of 105

Ritchie Bros. Auctioneers to Acquire California-based Martella Auction Company finance.yahoo.com VANCOUVER, Nov. 19 /PRNewswire-FirstCall/ - Ritchie Bros. Auctioneers Incorporated (NYSE and TSX: RBA) today announced an agreement to acquire the auction business and certain assets of Martella Auction Company, Inc., a Tipton, California-based auctioneer of agricultural and industrial equipment. Ritchie Bros. also intends to enter into an agreement to lease the roughly 65 acre Martella auction site. The acquisition is intended to expand and strengthen Ritchie Bros.' presence in the used agricultural and industrial equipment markets in California, and establishes an additional auction site in a proven auction market.

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