Palfinger Divests Service Body Business In North America

Thu February 16, 2017
Truck and Trailer Guide

The Palfinger Group announced a purchase agreement was executed with the Reading Truck Group to transfer the service body distribution and upfitting business at four locations. Reading Truck Group will assume the customer commitments and specified assets at four PalFleet sites: Council Bluffs, Iowa; Indianapolis, Indiana; Louisville, Kentucky and Nashville, Tennessee. The transaction is expected to close in March 2017.

Omaha Standard LLC will exit the service body business and continue the manufacturing and marketing of Palfinger core products, primarily including the best-in-class Palfinger brand PAL Pro Mechanics bodies, telescopic service cranes and liftgates. The future strategic direction of PalFleet will include a strong focus on these same core products, in addition to the sales, installation and service of Palfinger articulating cranes and truck mounted forklifts through its remaining locations. With a strong commitment to these core products, Palfinger will provide a differentiating value proposition to key market segments in North America. Such a focused strategy allows for future growth of these competitive product lines.

The service body has been part of the Palfinger product portfolio since 2008, when it was acquired as part of Omaha Standard. In the course of the restructuring measures launched in 2016, the decision was made to optimize the product portfolio and focus on the core business. The transaction with the Reading Truck Group will support the restructuring process.

For more information, visit palfinger.com

Stellar Announces Acquisition of Elliott Machine Works →

Stellar Industries, a 100-percent employee-owned and -operated manufacturer of mechanic and service trucks, cranes, tire service trucks, hooklifts, trailers and service truck and van accessories, announced the acquisition of Elliott Machine Works Inc.

Brandt, LVI Supply Partner to Increase Access for Upper Midwest Customers →

Many trailer owners in the United States' Midwest are frustrated by rust caused by road salt. Fortunately, they now have access to rust-resistant Work Ready trailers from Brandt, due to a partnership between Brandt Industries and LVI Supply.

Lincoln Electric Acquires Vanair →

Lincoln Electric announced that it has acquired Vanair Manufacturing, LLC, a privately held, Michigan City, Ind.-based, manufacturer of mobile power solutions serving the U.S.

Remembering Felling Trailers' Kevin Athmann →

Kevin Athmann, beam welder operator, joined the Felling Trailers team in November of 1999, initially working with the Finishing team, and then transitioned to weld production.

Thunder Creek Rolls Into Maine With Coop's Truck & Equipment →

Coop's Truck & Equipment of Bangor, Maine, has added the Thunder Creek lineup of field fueling and service solutions to its new equipment sales lineup.

Felling Trailers' Engle to Embark on Life's Next Adventure: Retirement →

Laurie Engle, Felling Trailers' inside trailer sales consultant, has lived and breathed trailers for 32 years.

Stellar Welcomes Blair Cogburn as Southeast Regional Sales Manager for Demountables →

Stellar Industries, a 100 percent employee-owned and -operated manufacturer of high-quality mechanic trucks, cranes, tire service trucks, hooklifts, trailers and service truck and van accessories, welcomed Blair Cogburn to the demountable sales team.

Garrison Spearman Joins Thunder Creek as New Territory Sales Manager in Southeastern U.S. →

Thunder Creek Equipment has named Garrison Spearman as the new territory sales manager of the southeastern United States, covering the states of Mississippi, Alabama, Georgia, Florida and South Carolina.

Palfinger Set to Showcase Leading Solutions at Waste Expo 2024 →

Palfinger will showcase its diverse range of industry-leading solutions at the 2024 Waste Expo, which will be held from May 6 to 9 at the Las Vegas Convention Center in Las Vegas.

Stellar Welcomes Two Seasoned Professionals to Propel Company's Sales →

Stellar Industries, a 100-percent employee-owned and -operated manufacturer of high-quality mechanic trucks, cranes, tire service trucks, hooklifts, trailers and service truck and van accessories, announced the addition of two accomplished sales professionals to its team.