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Insulation Limited comes to Isle-Verte.
Insulation Ltd., first sphagnum peat moss producer in the region, was
founded by German peat moss producers who immigrated to the United States.
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Acquisition of the assets of Insulation Limited by Premier Peat
Moss Corporation.
Premier Peat Moss Corporation became the leader in sphagnum peat moss
production and distribution in the United States and Canada.
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Creation of Les Tourbières du Saint-Laurent in Rivière-du-Loup.
Les Tourbières du Saint-Laurent was founded by Bernard Bélanger, who is
today the Chairman of the Board and Chief Executive Officer of PREMIER TECH
Ltd. At the same time, the company abandons rail transport in favour of truck
shipments, leading the industry with the shortest delivery leadtime.
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Introduction of vacuum harvesting.
This innovation allows large-scale production at significantly reduced
costs over the traditional block-cutting approach.
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Opening of a first peat bog in Western Canada.
Operation of peat bogs out West begins with the opening of one peat bog in St.
Anne, Manitoba. The company expands its distribution network from coast to
coast.
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Creation of PREMIER TECH Ltd. [February 25]
This subsidiary of Premier CDN Enterprises Ltd. merges the engineering
department of Tourbières Premier and the equipment manufacturing plant. The
equipment it manufactures are first to support the technological needs within
the company, but it is soon decided to sell them outside the company.
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Acquisition of Erin Screen Systems. [April]
Two years after the signing of the strategic alliance between PREMIER TECH
and Erin Screen Systems, the parties begin talks that lead to a purchase offer.
ERIN SYSTEMS becomes a subsidiary of Premier CDN Enterprises Ltd.
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Acquisition of a 60% majority interest (capital stock) in
PREMIER TECH's German partner FTH FÖRDERTECHNIK
HAMBOURG GmbH. [September]
FTH specialized in the design and assembly of handling and palletizing
systems for the chemical and consumer products industries. Its products and
technologies were sold all over Europe.
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Name change for Premier CDN Enterprises Ltd.
[December 16]
Registration to the Toronto Stock Exchange. [December 16]
PREMIER TECH Ltd. becomes the new corporate entity that comprises six
business units. At the same time, the company is listed on the Toronto Stock
Exchange under the symbol PTL.A.
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Acquisition of a 60% majority interest (capital stock) in
PREMIER TECH's strategic partner Plastique Joliette inc.
[December]
Plastique Joliette specializes in the manufacturing of plastic parts using
the rotor-moulding process. Following the acquisition, Plastique Joliette is
renamed PREMIER TECH COMPOSITES (PTCo).
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Acquisition of the remaining 40% interest in PREMIER TECH
COMPOSITES (PTCo). [October]
This makes PREMIER TECH the sole owner of PTCo.
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Incorporation of and acquisition of a 60% majority interest in the French
company Premier Tech Water France SAS (PTWf). [November]
PTWf distributes on the French market the products developped by Premier
Tech Environment.
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Acquisition of a 60% majority interest (capital
stock) in
PREMIER TECH's French partner MLB Distribution. [January]
MLB Distribution specializes in the marketing and sale of screening, sizing
and recycling equipment. The innovative technologies it distributes throughout
France include the STARSCREENER and the FINGERSCREENER designed by ESL.
Following the acquisition, MLB Distribution is renamed ERIN SYSTEMS FRANCE
(ESF).
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Acquisition of Eco Process & Equipment Int'l
Inc. (Eco Process).
[June 15]
Eco Process specializes in large-scale biological wastewater treatment, and
has leading-edge expertise in the design and construction of sequencing batch
reactors (SBRs), including software, management and remote operation tools for
SBR type stations.
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Modification of PREMIER TECH's symbol on the Toronto Stock
Exchange. [November 2] The new symbol is PTL.SV.A.
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The organization structure is revised
The company's seven business units are gathered in three groups: Industrial
Equipment Group (IEG), Horticulture and Agriculture Group (GHA) and
Environmental Technologies Group (ETG). This reorganization allows a better and
more global development of its commercial strategies.
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PTS: Acquisition of Les Machineries Verville, based in Drummondville
PTS enhances its offer with this company specialized in the field of industrial
flexible packaging for organic materials. The plant, located in Drummondville,
is renamed UFD.
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Privatization of the company
After being listed for almost 20 years on the Stock Exchange, Premier Tech
returns to a private company status.
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