ADF GROUP INC. announces the award of two new major projects in the United States worth a total of $95 million

TERREBONNE, QC, April 23, 2018 /CNW Telbec/ – ADF GROUP INC. ("ADF" or the "Corporation") Ticker symbol: (TSX: DRX), a North American leader in the fabrication of steel superstructures, announces the award of two new major projects in the United States worth a total of $95 million.

These new orders are part of new construction projects of commercial buildings and call for the fabrication, which also encompasses shop drawings, the supply of raw material (steel) and industrial coating, and the installation of complex steel structures and heavy steel components.

These new orders will be carried out at both of ADF’s fabrication plants and will extend until the third quarter of the fiscal year ending January 31, 2020.

Mr. Jean Paschini, Co-Chairman of the Board and Chief Executive Officer, points out that "we have always relied on the expertise of our human resources, the quality of our assets, and our experience to position the company in our target markets. These new orders confirm once again the relevance of our strategy. We continue our efforts to add new contracts to our order book that will allow us to maintain our objective of profitable growth".


Annual Meeting of Shareholders

ADF Group Inc. Annual Meeting of Shareholders will be held on Wednesday, June 13, 2018, at 11:00 a.m., at the Imperia Hotel & Suites, located at 2935 de la Pinière Boulevard, Terrebonne, Quebec.

Results for the First Quarter Ended April 30, 2018

The Corporation will disclose its results for the first quarter ended April 30, 2018, on Wednesday, June 13, 2018, before markets open.

About ADF Group Inc.

ADF Group Inc. is a North American leader in the design and engineering of connections, fabrication, including industrial coatings, and installation of complex steel structures, heavy steel built-ups, as well as in miscellaneous and architectural metals for the non-residential construction industry. ADF Group Inc. is one of the few players in the industry capable of handling highly technically complex mega projects on fast-track schedules in the commercial, institutional, industrial and public sectors. The Corporation operates two fabrication plants and two paint shops, in Canada and in the United States.

Forward-Looking Information

This press release contains forward-looking statements reflecting ADF objectives and expectations. These statements are identified by the use of verbs such as "expect" as well as by the use of future or conditional tenses. By their very nature these types of statements involve risks and uncertainty. Consequently, reality may differ from ADF’s expectations.

All amounts are in Canadian dollars, unless otherwise indicated.

Website : www.adfgroup.com

 

SOURCE ADF Group Inc.

Mr. Jean Paschini, Co-Chair of the Board of Directors and Chief Executive Officer; Mr. Jean-François Boursier, CPA, CA, Chief Financial Officer, Telephone : (450) 965-1911