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Archive BROWSE OUR 2009PRODUCT CATALOGUE UFA is 100 years young and the
best is yet to come Richard Peter Chair Centennial Committee UFA increases
annual revenue by $800 million with proposed acquisition of Sportsman's
Warehouse Calgary AB Nov 26—UFA Co operative Limited is poised to
acquire a majority interest in Sportsman's Warehouse increasing the co
operative's annual revenue by $800 million Sportsman's Warehouse is a
privately owned outdoor outfitter with annual revenue topping $800 million
and 67 stores in 38 American states The acquisition aligns with UFA's
strategy to diversify beyond its traditional businesses “UFA is a co
operative serving the people who live work and play in rural communities
” says Dallas Thorsteinson president and chief executive officer
“Acquiring Sportsman's Warehouse fits perfectly with our strategy to
create sustained valued for our owners by expanding to become a well
rounded rural marketer ” UFA will acquire a majority interest in US
based Sportsman's Warehouse The acquisition is subject to successful
completion of negotiations and a comprehensive due diligence process UFA
has already made a significant cash injection into the US retailer to
ensure it's well stocked for the holiday retail season UFA is driving a
controlled diversification strategy that includes construction and outdoor
lifestyle businesses As a rural marketer outdoor recreational products and
services are a logical extension of UFA's existing relationship with
customers and members UFA acquired Canadian outdoor outfitter Wholesale
Sports in July 2008 Sportsman's Warehouse expands the co operative's
lifestyle business while financially strengthening the co operative With
the addition of Wholesale Sports and Sportsman's Warehouse UFA is a major
North American force in the outdoor adventure industry UFA's 2007 revenues
were more than $1 8 billion ranking it among the 40 largest Alberta
companies in terms of revenue according to PricewaterhouseCoopers and
Alberta Venture magazine In 2008 UFA revenues will top $2 billion for the
first time having surpassed the $1 billion mark just four years ago
“UFA is expanding beyond our traditional businesses to ensure that we
can continue to serve our customers and owners ” Thorsteinson added
“Our growth reflects our commitment to the people who have owned UFA
for 100 years ” About UFA Co operative Limited UFA Co operative
Limited is one of Alberta's most dynamic enterprises Canada's largest re
seller of diesel products serves rural communities throughout Alberta B C
and Saskatchewan with a construction division and an unmatched network of
retail stores and petroleum outlets With $2 billion in annual revenues and
120 000 active members UFA is one of Canada's most successful co operatives
For more information please contact: Natalie Dawes Manager Corporate
Communications UFA Co operative Limited 403 258 4521 natalie dawes@ufa com
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