Heavy Equipment Guide Logo

This ad will close in 15 seconds

New $6.5 million Alberta production facility for Tornado Global Hydrovacs

Facility to reside on 17 acres of land in Red Deer

New $6.5 million Alberta production facility for Tornado Global Hydrovacs

Tornado Global Hydrovacs has purchased a 63,500 square foot facility built on approximately 17 acres of land located in Red Deer, Alberta for $6.5 million.

The acquisition of the new facility was necessary as Tornado Global Hydrovacs' lease for its current facility located in Stettler, Alberta will expire on June 30, 2021 and the company's current production demands have already out-grown the capacity of the existing facility. Demand for even more production capacity is expected to be needed going forward as the company plans to move a significant portion of its production activities to the new facility over the next six months.

The company paid an aggregate of $500,000 toward the purchase price and the Vendor provided a non-interest bearing vendor take-back mortgage secured against the new facility for the balance of the purchase price with a $500,000 principal reduction due on February 1, 2021 and the balance of the principal due on July 1, 2021. 

Company info

510-7015 Macleod Trail SE
Calgary, AB
CA, T2H 2K6

Website:
tornadotrucks.com

Read more

Related Articles

Sponsored Brought to you by: Bobcat Company Logo

THE BOBCAT E88: STRENGTH IS ON YOUR SIDE

As one of the latest models in the R2-Series excavator lineup, the Bobcat® E88 delivers durability, performance and quality for more productivity. Technically speaking, it's a compact machine, but it brings big performance with its redesigned engine and optimized lift performance, plus undercarriage and counterweight improvements. All these enhancements make this excavator one of the highest-performing models in its size class. With impressive over-the-side lift capacity, you can dig with greater confidence over the side of the machine. Put it to the test against similar models from other manufacturers. You'll see that the E88 can outwork the competition.

Learn more