The Car and Truck Fleet and Leasing Management Magazine

Supreme Industries Exits Shuttle Bus Market

February 28, 2014

Goshen, Ind.,-based Supreme Industries, Inc. has reached an agreement to sell its shuttle-bus business to Elkhart, Ind.,-based Forest River, the company announced Friday.

The deal is expected to bring $7 million in net proceeds to Supreme Industries, which manufactures specialized commercial vehicles that can include truck bodies.

Forest River, which is owned by Berkshire Hathaway, manufacturers a line of transit buses, shuttle buses, and tour coaches.

"The bus market has become increasingly competitive, and this business has been unable to achieve our profitable growth objectives," said Mark D. Weber, Supreme's president and CEO. "This divestiture allows us to concentrate our resources on growing our work truck, specialty vehicle and trolley businesses."

Supreme management decided to sell off the shuttle-bus business in December. The transaction is expected to close in 30 days.

Supreme Industries provides a variety of speciality vehicles such as utility-truck bodies, van bodies, cube van bodies, and box trucks for dry freight, parcel delivery, furniture and moving vans, lanscaping, homeland security and armored SWAT response vehicles.

Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Sponsored by

For more than 50 years, Merchants Fleet Management has been providing customized, total fleet management and leasing solutions for businesses and government agencies.

Read more

Up Next

More From The World's Largest Fleet Publisher