BRAMPTON , ONTARIO—  DATA Communications Management (“DCM”), announced it has closed the previously announced sale and leaseback of its Fergus, Ontario facility for gross proceeds of $6.75 million. Net proceeds realized on the sale of the property were $6.5 million, and, together with funds from working capital, have been applied towards repayment of the $6.9 million remaining balance outstanding on the Company’s $30 million term loan with a Canadian chartered bank. DCM entered into the term loan in connection with the acquisition of Moore Canada Corporation in April 2023. The loan was previously reduced by the net proceeds realized from the sale and leaseback of the Company’s Oshawa warehouse facility. DCM also announced that the planned sale and leaseback of its Trenton, Ontario facility is expected to close early in the first quarter of 2024, generating net proceeds of approximately $8.7 million. The net proceeds from this transaction are planned to be applied towards the Company’s revolving line of credit. DCM has became the third largest printer in Canada with sales of over $500 million. DCM will now have 15 plants across Canada including  B.C., Alberta, Saskatchewan, Manitoba, Ontario and Quebec.