Last updated on April 19, 2014 at 5:20 EDT

Premier Tech inaugurates its new plant in Rexton, New Brunswick

September 17, 2013

REXTON, NB, Sept. 17, 2013 /CNW Telbec/ – Premier Tech announced today,
in the presence of the Honorable David Alward, Premier of New
Brunswick, and the Honorable Claude Williams, Minister of
Transportation and Infrastructure, the opening of a new plant
integrating the most recent technologies in the sphagnum peat moss
industry. The expansion and modernisation of the plant follows the
signing of a financial partnership agreement with Invest New Brunswick,
for an amount totalling up to CA$1M, and of a refundable loan, of up to
CA$1.5M, from the federal government, through the Atlantic Canada
Opportunities Agency.

In addition to reaffirming the manufacturing presence of its Business
Unit Premier Tech Horticulture in New Brunswick, the opening of this
installation will lead to the creation of 33 new jobs. This project is
the result of a joint effort from Premier Tech’s teams in its equipment
and horticulture sectors. Representing a total investment of close to
CA$5M, it will allow the deployment of manufacturing and commercial
strategies while increasing Premier Tech Horticulture’s sphagnum peat
moss reserves in Eastern Canada.

Premier Tech Horticulture ranks among the North American leaders in
production and distribution of value-added peat-based products for
professional gardeners. Driven by a conscience to preserve the
environment, Premier Tech Horticulture is an active player and leader
in the Canadian and international movement towards responsible
management of peatlands. The company operates 10 plants and 20 peat
moss harvesting sites in Canada.

Corporate Profile

For 90 years, Premier Tech has been building its know-how and reputation
on the expertise and synergy of its three groups – Horticulture and
Agriculture, Industrial Equipment and Environmental Technologies. They
have one mission: to become technological and commercial leaders in
their respective industries. Driven by a multidisciplinary team of over
2 500 people located in the Americas, Europe and Asia, Premier Tech
focuses on the development of its team members, on Innovation, and on
the introduction of value-added products and services to support its
long-term growth. www.premiertech.com/global/en/

SOURCE Premier Tech

Source: PR Newswire