TransForce completes acquisition of Services Matrec Inc.
Montreal, March 1, 2005 — TransForce Income Fund (TSX : TIF.UN), the leader in the Canadian
transportation and logistics industry, announced today that it has completed the acquisition of
Services Matrec Inc. and its subsidiaries.
Services Matrec Inc., formerly known as SITA Canada Inc., is a leading waste management
company in Quebec with headquarters in Boucherville. The company and its subsidiaries specialize
in the integrated management of industrial, commercial and residential solid waste collection and
treatment including waste, recyclable materials, yard waste, construction and demolition materials,
and hazardous waste. Matrec has 1,000 employees and annual revenues of $125 million.
“Matrec is a logical addition to the TransForce companies. It is a leader in its business and part of a
growing industry with steady and growing cash flows as well as opportunities for consolidation,”
said Alain Bédard, Chairman, President and Chief Executive Officer of TransForce. “This acquisition
is immediately accretive for unitholders and gives the Fund another platform for growth, while
providing Matrec with the skills and financial strength of TransForce.”
Charles Tremblay will continue as President of Matrec, reporting directly to Mr. Bédard. The
company will be included in TransForce’s Specialized Services business segment. Matrec and
TransForce share expertise in the efficient management and maintenance of a safe truck fleet and
the pick up, transportation and delivery of loads directly or through terminals and facilities.