Wabash National Corp. today announced that it has completed its acquisition of flatbed and dropdeck trailer manufacturer Transcraft Corp
Wabash National Corp. today announced that it has completed its acquisition of flatbed and dropdeck trailer manufacturer Transcraft Corp. The acquisition makes Wabash National the largest semi-trailer manufacturer in North America based on combined 2005 unit volume, Wabash said.
The all cash purchase price is approximately $71 million, with possibly another $4.5 million added if Transcraft achieves certain 2006 performance targets. Transcraft posted 2005 annual sales of approximately $118 million. The company will maintain its manufacturing operations in Anna, IL, and Mt. Sterling, KY. Transcraft was a portfolio company of Lincolnshire Management Inc., a middle-market private equity investment firm.
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