(All amounts are in Canadian dollars unless otherwise
noted.)
TERREBONNE, QC, Sept. 24,
2024 /CNW/ - ADF GROUP INC. ("ADF" or the
"Corporation") (TSX: DRX), a North American leader in the
fabrication of steel superstructures, announces the signing of a
series of new orders in Quebec and
the U.S. Midwest totaling $55.0
million.
ADF Group announced in April 2023
and in December 2023 the award of the
first and second phases of a major contract in the pharmaceutical
sector in the Midwest region. As part of this contract, ADF's
management announced today that it has reached another commercial
agreement with its client for additional work, similar to the other
contracts mentioned above announced in 2023, and which concerns the
construction of the steel structure of an industrial-type building
that is also part of the second phase. Fabrication work will begin
in the coming months. This additional work will be carried out over
a period of approximately eight months.
This series of new orders also included structural steel
fabrication contracts in various regions of Quebec, all in the industrial sector.
The Corporation's order backlog stood at $ 402.3 million as at July
31, 2024, including some of the new orders announced
today.
About ADF Group Inc. | ADF Group Inc. is a North
American leader in the design and engineering of connections,
fabrication, including the application of industrial coatings, and
installation of complex steel structures, heavy steel built-ups, as
well as in miscellaneous and architectural metals for the
non-residential infrastructure sector. ADF Group Inc. is one of the
few players in the industry capable of handling highly technically
complex mega projects on fast-track schedules in the commercial,
institutional, industrial and public sectors. The Corporation
operates two fabrication plants and two paint shops, in
Canada and in the United States, and a Construction Division
in the United States, which
specializes in the installation of steel structures and other
related products.
Forward-Looking Statements | This press release contains
forward-looking statements that reflect ADF's objectives and
expectations. These statements are identified by words such as
"expects" as well as by the use of future and conditional verb
tenses and include, but are not limited to, the Corporation's
intention to repurchase up to 3,000,000 Subordinate Voting Shares
of the Corporation. By their nature, these statements involve risks
and uncertainties. In particular, there can be no assurance that an
agreement will be reached between the parties with respect to the
proposed repurchase. Consequently, actual facts may differ from
ADF's expectations.
SOURCE ADF Group Inc.
