PFB Corporation Announces the Expansion of Its Operations to the Midwestern Region of the USA

Abstract

(Marketwired - Nov. 18, 2015) - PFB Corporation (PFB) (TSX:PFB) announces that it has entered into an agreement to acquire an operating expanded polystyrene (EPS) molding plant in the Midwestern region of the USA. The Company plans to begin manufacturing EPS insulation products at the plant as a continuation of its strategy to expand the operations of PFB Corporation in the USA. The purchase price will be funded from working capital. Closing of the transaction, expected in December 2015, is subject to due diligence. PFB, through PFB America Corporation, presently has USA manufacturing operations in Lebanon, Ohio; in Blissfield, Michigan; and in Boise, Idaho.