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Logistec acquires Rideau Bulk Terminals

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Logistec Corporation and Logistec Stevedoring

On October 26, 2009, Logistec Corporation (TSX:LGT.A)(TSX:LGT.B), a diversified cargo handler in eastern Canadian and U.S. ports, announced that it had acquired, through its wholly-owned subsidiary, Logistec Stevedoring Inc., 100% of the issued and outstanding shares of Les Terminaux Rideau Bulk Terminals Inc. ("Rideau Bulk").Rideau Bulk operates in four ports along the St. Lawrence Seaway located between Montreal and Toronto. It also operates two inland terminals in the Ottawa region. Its main activity is to receive road salt from self-unloaders, and occasionally from bulkers, and do the stockpiling, storage and truck loading for the three major salt companies serving eastern Canada. Logistec Corporation and Logistec Stevedoring (Atlantic) Inc. were represented by Ingrid Stefancic, Vice-President, Corporate and Legal Services of Logistec Corporation, assisted by Fasken Martineau with a team that included Louis Séguin, Pierre-Étienne Simard and Christine Anagnostou (corporate); Charles Kazaz (environmental); Paul Cabana (tax); and Donna Gallant (labour).



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