Mr. Colin Jackson reports

ATCO CELEBRATES GRAND OPENING OF EXPANDED MODULAR MANUFACTURING FACILITY IN ONTARIO

Atco Ltd. has celebrated the grand opening of its expanded Grimsby manufacturing facility, an investment that strengthens Ontario's manufacturing sector and significantly expands Atco's national production capacity. The facility will help meet growing demand for modular housing, work force accommodations and infrastructure solutions while strengthening domestic supply chains and accelerating delivery of critical projects across the country.

Supported by Atco's five Ontario sales branches, the expanded facility employs over 140 people, roughly three-quarters of the company's 190-person Ontario work force, with more jobs expected as production grows. The facility will deliver modular solutions for housing, schools, health care, community infrastructure, work force accommodations, and major industrial, energy and defence projects nationwide.

Factory-built modular construction is increasingly recognized as a critical tool in addressing housing affordability and supply challenges. By shifting much of the construction process into a controlled manufacturing environment, modular construction can significantly reduce project timelines, improve quality and increase predictability while helping overcome labour and supply chain constraints.

Supporting long-term growth across Canada

Atco's Grimsby facility, the newest of its five manufacturing plants across Canada, is a key part of the company's growth strategy and further strengthens its ability to deliver innovative, high-quality modular solutions nationwide. As Canada's largest modular provider, Atco has played a leading role in many landmark projects in Ontario, including:

• Dunn House: Toronto supportive housing with integrated health and social services;
• King William House: Hamilton energy-efficient modular housing for sustainable living;
• McKee Public School: North York school expansion;
• Ontario Power Generation's Pickering refurbishment project: steel and concrete non-combustible modular office building;
• Gordie Howe International Bridge: construction and site facilities.

Quotes

"Today's grand opening marks an important milestone for Atco and modular construction in Canada. Our expanded Grimsby plant strengthens our ability to deliver solutions at a time when governments and industry are seeking faster, more efficient ways to build. This investment reinforces Canadian manufacturing, creates high-quality jobs and expands our capacity to provide innovative modular solutions to support communities and industries across the country," Adam Beattie, president, Atco Structures.

"Atco is showing how innovation can play a foundational role in solving Canada's housing crisis. Today's grand opening demonstrates how modular construction can deliver more homes, faster and more sustainably, while creating good jobs, boosting productivity and helping build a stronger economy," said Gregor Robertson, Minister of Housing and Infrastructure and Minister Responsible for Pacific Economic Development Canada.

"Atco is a welcome addition to the Grimsby business and manufacturing community. As a Canadian-owned operation with subsidiaries across the world, we are grateful that they have chosen us as the home of their new manufacturing location," said Jeff Jordan, Mayor of Grimsby.

About Atco Ltd.

As a global enterprise, Atco and its subsidiary and affiliate companies have approximately 20,000 employees and assets of $28-billion. Atco is focused on delivering essential solutions across the housing, energy and defence sectors, helping build, power and protect a future everyone can count on. Atco Structures delivers innovative modular solutions that help communities address growing housing demand while supporting industry and economic growth. Canadian Utilities, an Atco subsidiary, delivers safe and reliable energy services through its utilities, mid-stream and generation businesses. Together, these operations provide essential electricity and natural gas infrastructure, generation and storage solutions that support customers, communities and industry. Atco Frontec provides construction and operational support services for defence and security operations. Atco also has investments in energy retail services through Atco Energy, as well as ports and transportation logistics, the processing and marketing of ash, retail food services, and commercial real estate.

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