Wabash National Corp., a diversified industrial manufacturer and one of North America’s leading producers of semi-trailers and liquid transportation systems, has completed the acquisition of Supreme Industries Inc., a leading manufacturer of truck bodies, following a cash tender offer by a subsidiary of Wabash National for all outstanding shares of Supreme’s Class A and Class B common stock. The signing of the definitive agreement was previously announced Aug. 8.
“We are excited to add the Supreme business to our company in order to leverage the urbanization and e-commerce trends which are fueling a consumer preference for home delivery,” said CEO Dick Giromini. “This acquisition is the continuation of our growth and diversification strategy into the rapidly growing ‘final mile’ space. Wabash intends to be at the forefront of the final mile evolution in the transportation market, and the addition of Supreme to our portfolio advances that strategy. I welcome the Supreme associates to the Wabash team.”
As a result of the acquisition, Supreme became a direct wholly owned subsidiary of Wabash National and Supreme’s shares will cease to be traded on the NYSE.
