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Atlas Engineered reveals new product launch at SC Building Systems

This is an integral part of our growth strategy, the company said in a statement

Roof Truss being lowered into building
Atlas specilaizes in roof trusses

Atlas Engineered Products Ltd (CVE:AEP) has outlined on Wednesday a new product offering at its recently acquired Manitoba-based firm SC Building Systems, which saves on labour and costs.

Customers can now order customized wall panels, said Atlas in a statement.

"This is an integral part of our growth strategy and we expect this offsite construction technology to be rolled out to all our plants across the country," said Dirk Maritz, CEO at Atlas Engineered.

READ: Atlas Engineered Products sees revenue rise as it continues on a growth course

He added that assembling such panels ahead of time, indoors in the plant, means that that delivery and construction can be timed down to the specific day.

"Added to SC's expertise in design, engineering, roof trusses and floor joists -- the result is a superior turn-key service."

The CEO highlighted a case of a three-door garage with attic, which was completed in just a single day.

"This particular project saved at least 8 labour hours of framing on a relatively small job" said SC founder and Atlas Engineered Products Vice President Lindsay Boese. "On larger projects the cost and time savings can become significant. At the end of the day it provides our clients with incredible control over their schedules and costs."

SC Building Systems has a growing customer base covering more than 25 communities in southern Manitoba.

The plant provides easy access to the large Winnipeg market, as well as offering potential entry into the northern parts of Minnesota and North Dakota. SC was AEP's sixth acquisition in just over a year, expanding its cash-flowing portfolio and footprint into a third province.

Shares added over 9% in Toronto to $0.36 each.

Contact Giles at [email protected]

Follow him on Twitter@Gile74

Quick facts: Atlas Engineered Products

Price: 0.425 CAD

TSX-V:AEP
Market: TSX-V
Market Cap: $19.55 m
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