NASHVILLE, Tenn. — Officials from ATDynamics and Stemco today expanded on the recently announced acquisition of the former by the latter.
Just last week Stemco announced it had purchased trailer tail manufacturer ATDynamics, and will roll it into its Innovative Tire and Mileage Solutions (ITMS) division, which provides products that increase fuel efficiency, reduce tire costs and improve safety. That division is headed by Bob Montgomery, who spoke today at a press conference held at the annual spring meeting of the Technology & Maintenance Council.
“We looked at just about every company out there that produces OEM or aftermarket products,” he said. “When it came to unaided brand name recognition for rear drag aerodynamics, no other product was named in our studies. These guys are leading the charge. It’s great technology and it’s real-world technology. It’s very robust, very common sense and it just works. That’s why this is so exciting to us.”
Andrew Smith, who founded the company in 2006, was equally excited. He’ll stay on with the organization and said the immediate benefit will be the leveraging of Stemco’s existing sales force.
“I could not be happier about this match,” he said. “In a few weeks we will have an additional 40 salespeople across the country, talking about the benefits of these products.”
ATDynamics has enjoyed tremendous growth since its inception, and has sold more than 35,000 units to more than 500 fleets. Already, more than 1,450 trailer tails have been sold into the Ontario market since the regulatory barriers were removed last year.
The addition of a Stemco sales force should bring about another “inflection point” soon, Montgomery indicated.
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