Wabash National buying Supreme body builder
LAFAYETTE, IN - Wabash National is purchasing Supreme Industries -- the second-largest maker of truck bodies in the U.S. - as an answer to the growing e-commerce segment. The cash offer is valued at US $21 per share, which equates to an equity value of $364 million and enterprise value of $342 million. The company expects to realize at least $20 million in annual cost savings by 2021, largely through corporate and procurement expenses and operational savings. Supreme, founded in 1974, recorded $299 million in sales last year and has seven facilities across the country. (All figures are in US dollars.) The Wabash portfolio includes dry freight vans, refrigerated vans, liquid and dry bulk tank trailers, and platform trailers.
Wabash’s Cadiz operation renews ISO certification
LAFAYETTE, IN - Transport trailer manufacturer, Wabash National Corporation has obtained a certification renewal from ISO 9001:2008 to ISO 9001:2015 at its operation in Cadiz, Kentucky which produces Transcraft and Benson brand flatbed and drop deck trailers.