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Friday, September 24, 2010

Saint John Company Bought Out

A business move late yesterday saw a Saint John company change hands. Millenium Welding, has been bought by Source Atlantic which also bought Schooner Industrial Limited in Halifax.

Source Atlantic is comprised of eight industrial distribution and service companies that serve Atlantic Canada.

The company in a release says with the purchase, Source Atlantic is the largest industrial distribution group in Atlantic Canada. No word on whether any jobs are going to be lost or re-located because of this move.