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    Bankrupt truck body and trailer maker sold

    June 4, 2002
    Bankrupt holding company Standard Automotive Corp. is selling off its Truck Body/Trailer division to Traffic Corp. for $13.25 million. Standard Automotive filed for Chapter 11 bankruptcy protection in March. The deal includes the sale of CPS Trailer Co., R&S Truck Body Company Inc., Ajax East and Ajax West, which are regional manufacturers of vocational truck body and trailer products. Standard Automotive
    Bankrupt holding company Standard Automotive Corp. is selling off its Truck Body/Trailer division to Traffic Corp. for $13.25 million. Standard Automotive filed for Chapter 11 bankruptcy protection in March.

    The deal includes the sale of CPS Trailer Co., R&S Truck Body Company Inc., Ajax East and Ajax West, which are regional manufacturers of vocational truck body and trailer products.

    Standard Automotive owns production facilities that manufacture aerospace, nuclear, industrial and defense products throughout North America.

    About the Author

    Sean Kilcarr | Editor in Chief

    Sean previously reported and commented on trends affecting the many different strata of the trucking industry. Also be sure to visit Sean's blog Trucks at Work where he offers analysis on a variety of different topics inside the trucking industry.

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