International makes key purchases
CHICAGO, Ill. – Grand Vehicle Works Holdings Corporation has announced the closing of its sale of two subsidiaries, Workhorse Custom Chassis, LLC, and Uptime Parts, LLC, to International Truck and Engine Corporation.
Plans for the sale were first announced in July. Terms of the cash deal were not disclosed.Based in Highland Park, Ill., GVW Holdings will continue to own and operate Autocar, LLC, a leading manufacturer of severe service vehicles, and UCBC (Union City Body Company), a contract assembler of step van bodies. GVW Holdings will now focus on the development of Autocar. Workhorse, located in Union City, Ind., is a major manufacturer of chassis for Class A motor homes, buses and walk-in trucks. Uptime Parts, located in West Chicago, Ill., and Reno, Nev., supplies replacement and aftermarket parts for the RV, truck and bus markets Workhorse serves.
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