Atlas Engineered Products Announces Realignment of Executive Team

Atlas Engineered Products (“AEP” or the “Company”) is providing a corporate update on the realignment of its executive team and the resignation of its Chief Financial Officer (“CFO”), William (“Bill”) Woods.

Since going public on November 6, 2017, AEP has grown its Canadian footprint to six plants operating in British Columbia, Manitoba and Ontario. AEP has taken great care to remove costs, strengthen the financial position of the business and establish a talented leadership team consisting of experienced individuals with proven ability to drive operational performance.

As part of this ongoing process, AEP has re-aligned its executive team to add a stronger emphasis to its operations and growth plans across the organization:

– Hadi Abassi has been appointed Executive Vice President, Strategic Business Development. Hadi is founder of AEP. Hadi will have a wide overarching role in assessing and evaluating sales and revenue opportunities for AEP.

– Brittany Ray-Wilks has been appointed Executive Vice President, Organizational Development. Brittany has held numerous positions within AEP and will oversee a portfolio comprising of HR, IT, Legal, Marketing and Communications.

– Lindsay Boeve has been appointed Vice President, Operational Excellence. Lindsay was previously the President of AEP’s most recent acquisition, South Central Building Systems. Lindsay’s new position with AEP will focus on increasing plant productivity and efficiency across all of AEP’s operations.

– Gurmit Dhaliwal has been appointed Vice President, Operations. Gurmit was previously the Operations Manager at AEP’s Nanaimo subsidiary, Atlas Building Systems and has more than 17 years of industry experience. Gurmit will have oversight on effectively executing on AEP operational requirements across the organization.

Collaboratively, this high-quality team is focusing on best in class organizational development, standardized best practices, dedicated sales outreach, cost efficiencies and extended product mix. AEP is also announcing the resignation of William (Bill) Woods as CFO. AEP thanks Bill for his contributions to AEP’s successes to date. AEP has appointed Melissa MacRae to serve as the Company’s Interim CFO.

Melissa is a CPA, CA who has been with Atlas Building Systems, an AEP Company, since 2012, and has acted as AEP’s Group Controller since the Company went public in November 2017. While working as Group Controller, Melissa has been an integral part of AEP’s accounting and finance functions.

Dirk Maritz, CEO of AEP, commented, “On behalf of the Company, I would like to thank Bill for his contributions to our success since going public and wish him every success in his future roles. I look forward to working with Ms. MacRae as Interim CFO.”

About Atlas Engineered Products Ltd.

AEP, newly listed on the TSX:V as of November 2017, is acquiring and operating profitable, well established operations in Canada’s truss and engineered products industry. AEP has a well-defined and disciplined acquisition and operating strategy enabling the Company to scale aggressively, giving AEP a unique opportunity to consolidate a fragmented industry of independent operators.

Contact:

Rob Gamley – Investor Relations – rob@contactfinancial.com – (604) 689-7422

Source: Atlas Engineered Products Ltd.