Company announces dealer agreement for van, truck body, and platform sales and service in Texas, Oklahoma and Louisiana
LAFAYETTE, Ind., July 21, 2017 (GLOBE NEWSWIRE) -- Wabash National Corporation (NYSE:WNC), a diversified industrial manufacturer and North America's leading producer of semi-trailers and liquid transportation systems, today announced an agreement with Summit Truck Group to provide sales, parts, and service for Wabash National® dry and refrigerated van trailers and truck bodies, as well as Transcraft® and Benson® platform trailers in select areas of Texas, Oklahoma and Louisiana.
Summit Truck Group is one of the largest commercial truck dealer groups in the US, operating 32 locations across the Southwestern US.
"The agreement with Summit Truck Group is another step in executing Wabash National's strategic growth plan as we expand access and service for our customers in the competitive South Central region," explained Brent Yeagy, president and chief operating officer. "This is the first time Summit Truck Group has added trailers and truck bodies to its products and services, which speaks to the company's confidence in Wabash National. The world-class service and values that Summit is known for will serve our customers well."
Between the end of July and August 31, 2017, Summit Truck Group will facilitate the transition of two Wabash National Trailer Centers in Dallas and San Antonio, Texas, to independent dealer facilities operated by Summit. The newly acquired locations will add to the geographic footprint of Summit Truck Group's 13 existing locations in Texas and Oklahoma that will sell and service Wabash National vans and truck bodies. Transcraft and Benson products will be stocked and sold at authorized locations in both Dallas and San Antonio.
"We selected Summit Truck Group as our new dealer partner because of the company's values, its reputation for customer service and its extensive network within the trucking industry. We're excited about the possibilities for both businesses, as well as our mutual customers," explained Chief Executive Officer Dick Giromini.
Summit Truck Group will be fully stocked with new model year Wabash National van trailers, truck bodies, and Transcraft and Benson platform trailers, in addition to being supplied with a full selection of parts. Customers may contact Todd Chrzan, director of van sales, at (765) 771-5300 with questions about sales and service support at these new locations.
About Wabash National Corporation
Wabash National Corporation (NYSE:WNC) is a diversified industrial manufacturer and North America's leading producer of semi-trailers and liquid transportation systems. Established in 1985 in Lafayette, Indiana, the company manufactures a diverse range of products, including: dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment. Its innovative products are sold under the following brand names: Wabash National®, Beall®, Benson®, Brenner® Tank, Bulk Tank International, DuraPlate®, Extract Technology®, Garsite, Progress Tank, Transcraft®, Walker Engineered Products, and Walker Transport. Learn more at www.wabashnational.com.
About Summit Truck Group
Summit Holdings is a privately-held company that does business as Summit Truck Group, Summit Bus, Summit Idealease, and Summit PacLease. The company operates 32 commercial truck and bus dealerships in Arkansas, Kansas, Mississippi, Missouri, New Mexico, Oklahoma, Tennessee, and Texas. Summit Truck Group represents and services International®, Kenworth, Volvo, Mack, Ford, and Isuzu commercial trucks, and Crane Carrier specialty vehicles. Summit Bus represents and services IC Bus™, ElDorado National, and other commercial bus brands. Commercial truck lease and rental, mobile and dedicated maintenance services are offered through 19 Idealease™ locations and 2 PacLease locations. Summit serves customers with more than 1,200 employees, 475 technicians, over 475 service bays, and over $31 million in all-makes stocked parts. Additional information can be found at www.summittruckgroup.com.
Safe Harbor Statement
This press release contains certain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 about the Company's proposed sale of certain assets of Wabash National Corporation to Summit Truck Group and the timing of the anticipated transaction. Forward-looking statements convey the Company's current beliefs, expectations or forecasts of future events but are subject to a number of risks, uncertainties and changes in circumstances, which may cause actual results or actions to differ materially from what is expressed or implied by these statements. All statements contained in this press release other than statements of historical fact are forward-looking statements. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, the satisfaction of conditions to closing the transaction and the time and resources required to do so, competitive developments, conditions in each of the companies industries. Readers should review and consider the various disclosures made by the Company in this report and in the Company's other reports to its stockholders and periodic reports on Forms 10-K and 10-Q and the risk factors discussed in the Company's filings with the U.S. Securities and Exchange Commission.
Corporate Communications Manager
Vice President – Finance and Investor Relations
Wabash National Corporation