NorTerra Acquires Northern Industrial Sales to Become Largest Provider of Industrial Supplies North of 60

News Release

NorTerra Inc. has reached an agreement to acquire Independent Industrial Supply of north central British Columbia, Northern Industrial Sales of western British Columbia and the Northern Metalic Sales branches located in the Northwest Territories and the Yukon. Derek Wilson, former owner of Independent Industrial Supply becomes President of the merged companies that will continue to operate and be known as Northern Industrial Sales.

This merger and acquisition, sees the NorTerra Group of Companies diversifying into the industrial supply sector, a move that is entirely compatible with its business objectives. “Northern Industrial Sales is a great fit for us and we look forward to working with our new partners, customers and suppliers to ensure that we meet the emerging needs of the North,” explained NorTerra President, Carmen Loberg. “This acquisition represents positive news for our owners, the Inuvialuit Development Corporation (IDC) and the Nunasi Corporation (Nunasi), and in turn good news for the people of Canada’s Arctic,” he commented.Northern Industrial Sales will have BC branches in: Prince George, Terrace, Chetwynd, Prince Rupert and Quesnel and Northern branches in: Whitehorse, Hay River, Yellowknife, Norman Wells, Inuvik, Watson Lake, and Dawson City.

“This larger company will mean that our customers will see the advantages of volume purchasing, and other efficiencies of scale without losing the personal service and local insights that have made the companies successful to date. We remain committed to offering service that is professional, prompt, and infused with local knowledge. Understanding the needs of the North and the needs of our customer, suppliers and partners will be our way of remaining competitive and profitable,” explained Derek Wilson.

After decades of business success with Northern Metalic Sales in the Yukon and Northwest Territories, owner Don Cox agrees that understanding the unique needs of Northern industries, and the particular challenges of working in remote areas in a harsh climate will remain key to Northern Industrial Sales’ success going forward. “We kept our Northern values at the centre of our business decisions and work ethic. Selling to a Canadian organization that understands the needs of these communities was important to me. NorTerra was a great fit because of its track record and reputation in this part of the world. I wish the new entity every success,” commented Cox.

NorTerra Inc. is a Canadian investment and management company, headquartered in Edmonton, Alberta, Canada.

NorTerra is owned equally by the Inuvialuit#ffcc00 Development Corporation (IDC) and Nunasi Corporation (Nunasi), representing the Inuvialuit of the Northwest Territories and the Inuit of the Nunavut, the aboriginal people of Canada’s Arctic.

IDC and Nunasi are development corporations whose mandates are to maximize profits, develop economic opportunities, and create training and employment opportunities for the Inuvialuit and Inuit. IDC and Nunasi invest for collective and beneficial interest of approximately 30,000 registered Inuvialuit and Inuit beneficiaries.

NorTerra owns 100% of three operating subsidiary companies: Northern Transportation Company Limited, Canadian North Airlines, and Weldco- Beales Manufacturing Inc. NorTerra, together with its subsidiary companies, are referred to as the NorTerra Group of Companies.

Backgrounder

Northern Industrial Sales
Northern Industrial Sales is a newly formed company with a well-established philosophy:

“to be a strong provider of industrial supplies and equipment and to offer>br /> exemplary service to our customers when and where they need it.”

Formerly Independent Industrial Supply and Northern Metalic Sales, Northern Industrial Sales, run by president Derek Wilson, is a subsidiary of NorTerra Inc. We pride ourselves on offering superior support & services at the local level, and have a team of responsive people with a proven track record of success and the programs and systems to manage and exceed expectations.

Where We Are

Branches in:
Prince George • Terrace • Chetwynd • Quesnel • Whitehorse • Hay River • Yellowknife • Norman Wells • Inuvik • Prince Rupert • Watson Lake • Dawson City

What We Offer
Specializing in the supply of industrial goods and services to:
Mining • Industrial • Forestry • Government • Oil and gas • Community business sectors

Providing:
Industrial tools • Fasteners • Hydraulic hose and fittings • Industrial janitorial supplies • Wire rope and rigging • Automotive, chain saws & small engines • Chemical products • MRO consumables

Our Commitment
Cost competitive • 24-hour service • Same day delivery on stock items • One hour to next day for emergency items • Inventory situated where it’s needed • Web-based communications and ordering • Able to provide quick response with the right product and services • Strong existing relationships at the front lines • A team made up of problem solvers intent on great service to customers

Value Added Services
Fire extinguisher refill accredited • Vendor managed inventory • Customer training programs • Electronic data interchange • Electronic funds transfer • Autofax tracking systems

For more information, please contact:
Derek Wilson, President
Northern Industrial Sales
Phone: (250) 562-4435