WesternOne Equity Income Fund has announced that the first modular buildings are rolling off the production line in its Waco, Texas facility of its WEQ Britco LP division. The plant in Texas, which had been idle for three years before Britco purchased it in September 2011, now has 80 employees. “We are very excited to see the first finished modular units from our Texas facility and look forward to designing and building workforce accommodations for our customers in the United States,” states Darren Latoski, CEO of WesternOne Equity. In recent months WesternOne’s Britco division has made two strategic acquisitions. On February 1, Britco acquired a production plant in Edmonton, Alberta. In the fall of last year, Britco, through its indirectly-owned subsidiary in the USA, purchased the large manufacturing facility in Waco, Texas. Currently, Britco is working on the largest project in its 35 year history – a project valued at approximately $50 million for a large energy company in Alberta.
(Image Credit: Britco)