Trailer maker Wabash National Corp. (NYSE: WNC) plans to sell its Beall Tank Trucking Co. unit to MAC Trailer Enterprises Inc. The price was not disclosed.
Beall specializes in aluminum tank trailers for the petroleum and dry bulk markets. Wabash purchased certain Beall assets out of bankruptcy in January 2013. Beall had $23 million in sales in 2019. It is one of four tanker brands in Wabash’s $385 million Diversified Products Group.
“The sale of Beall Tank Trailers represents another tangible step in our work to optimize asset efficiency and focus our growth efforts on markets with scalable opportunities,” Mike Pettit, Wabash senior vice president and chief financial officer, said in a press release Wednesday.
“We plan to reallocate resources to support continued innovation across our product portfolio, as well as strategic growth in parts and services, cold chain and home delivery markets,” he said.
Wabash is keeping the Brenner, Bulk and Walker tank trailer brands that serve the chemical, petrochemical, and food, dairy and beverage industries,
“We remain committed to maintaining a diverse portfolio of solutions that serve customers from first to final mile,” said Kevin Page, Wabash senior vice president, customer value creation.
The Beall sale is expected to close Dec. 31. Beall will continue operations under MAC Trailer, which is based in Alliance, Ohio.
Related articles:
Wabash National trailer order backlog suggests strong 2021
Trailer maker Wabash faces headwinds into 2021, Moody’s says
Freight Fraud Symposium
Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.
Supply Chain AI Symposium
Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
Future of Rail Symposium
Reshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.
Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.
Rock & Roll Hall of Fame • Cleveland, OH Register NowPast the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
The Old Post Office • Chicago, IL Register NowReshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now