Bankrupt truck body and trailer maker sold
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