Archive for September, 2008

Saturday, September 20, 2008

IMT Acquisition

Canal Barge Company has enjoyed unprecedented growth through the last few years. While we are not interested in growth for growth’s sake, we are always looking for strategic growth opportunities with great business partners who share our vision and values. We are very proud to announce that on September 15, 2008, we acquired 100% of the stock of Illinois Marine Towing. Illinois Marine is the leading independent provider of towing and fleeting services in the Chicago market and provides affreightment, barge cleaning, terminal services and vessel repair and has been a strategically important supplier to CBC for more than two decades. IMT and the management staff’s approach to quality operations and customer service is a perfect fit with the Canal Barge Company business philosophy. Illinois Marine Towing will continue as a wholly owned subsidiary of Canal Barge Company and we warmly welcome all of our associates at IMT to the CBC Family.