Canadian Tire to acquire a 25% stake in Ashcroft Terminal.

Canadian Tire, a firm engaged in a retail segment, a financial services division and CT REIT, agreed to acquire a 25% stake in Ashcroft Terminal, an operator of an inland port facility designed to maximize supply chain. PSA International will continue as the operator and retain a majority interest of 60%, with the remaining 15% interest held by founding partner CrescentView Investments. Financial terms were not disclosed. "We have the potential to increase the efficiency and sustainability of the supply chain for containers imported and exported through the marine terminals in Vancouver. Ashcroft Terminal facilitates the shift from truck to rail and significantly reduces the movement of trucks in the busy Metro Vancouver area," Enno Koll, Ashcroft Terminal CEO.