Truck News

News

Reyco Granning Suspensions under new ownership

LONG GROVE, Ill. -- A private investment group has purchased Reyco Granning Suspensions from its previous owner, Tuthill Corp.


LONG GROVE, Ill. — A private investment group has purchased Reyco Granning Suspensions from its previous owner, Tuthill Corp.

Reyco Granning manufactures suspensions for heavy-duty trucks, trailers and specialty vehicles.

MAT Capital, an affiliate of MAT Holdings, is the new ownership group.

“We are excited to have a strategic partner that shares our commitment to serve our customers and provide bright futures for our employees,” said Ray Mueller, president, Reyco Granning.

The buyout was orchestrated by company management, which was looking for a partner that would provide financial stability as well as transportation experience.

“Our new partner brings not only financial resources, but a shared global view of the heavy-duty vehicle market,” said Mueller. “Our senior leadership team will stay intact. This group has been in place since early 2010 and consists of both new and long-time managers that have been able to produce significant results over the past year.”


Truck News

Truck News

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.
All posts by

Print this page
Related Articles
TruckNews
TodaysTrucking


Have your say:

Your email address will not be published. Required fields are marked *

*