Wabash National Corporation to acquire Supreme Industries, Inc.

Wabash National Corporation, an industrial manufacturer of semi-trailers and liquid transportation systems is set to acquire all of the outstanding shares of Supreme Industries, a manufacturer of truck bodies, for an equity value of $364m and an enterprise value of $342m.

Founded in 1974, Supreme is the second largest U.S. manufacturer of truck bodies with 2016 sales of $299m. The company primarily manufactures light and medium-duty truck bodies at seven facilities throughout the United States.

Wabash National’s Chief Executive Officer, Dick Giromini said: “Wabash National has been closely monitoring the transportation landscape as the growth of e-commerce has continued to change the logistics model. We formally entered the final mile space in 2015 with the launch of our dry and refrigerated truck bodies, and we have been aggressively growing our presence and product offering over the past two years. This acquisition supports these efforts and accelerates our objective to transform our business into a more diversified industrial manufacturer.”

The acquisition will combine Supreme’s medium and light-duty commercial vehicle portfolio, distribution network, and regional manufacturing locations with Wabash National’s advanced composite technologies, expertise in lean manufacturing and optimisation, engineering and design proficiency and strong supplier relationships.

For more information visit www.wabashnational.com

15th Aug 2017