EnTrans International, a US manufacturer of tank trailers and transportation hardware, has been acquired by Canadian home heating products company TerraVest Industries in a deal worth $546m.
Headquartered in Athens, Tennessee, EnTrans specialises in the transportation of cryogenic gases, in addition to petroleum, chemical, and food products.
The company operates manufacturing facilities in Minnesota, Texas, in Mexico, and in Thailand.
TerraVest has said the acquisition is a strategic move to diversify geographically and mitigate tariff exposure across its business.
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