Wabash National Announces Intent to Sell Beall Tank Trailer to MAC Trailer
Wabash National Corporation (“Wabash National”) announced its intent to sell the Beall brand of tank trailers and associated assets to MAC Trailer Enterprises, Inc. (“MAC Trailer”) Beall specializes in aluminum tank trailers for the petroleum and dry bulk markets.
“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,” said Mike Pettit, senior vice president and chief financial officer. “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.”
Wabash National acquired certain assets of the tank and trailer business of Beall Corporation in 2013. The Beall business, based in Portland, Oregon, represented approximately $23 million of sales in 2019 and was reported within the company’s Diversified Products Group.
“We remain committed to maintaining a diverse portfolio of solutions that serve customers from first to final mile,” said Kevin Page, senior vice president, customer value creation. “Our Brenner, Bulk, and Walker tank trailer brands are strong in the chemical, petrochemical, and food, dairy and beverage industries, and we intend to continue delivering breakthrough value to customers in these markets.”
The sale is expected to close December 31, 2020, and Beall will continue operations under ownership of MAC Trailer.
About Wabash National Corporation
As the innovation leader of engineered solutions for the transportation, logistics and distribution industries, Wabash National Corporation (NYSE:WNC) is Changing How the World Reaches You™. Headquartered in Lafayette, Indiana, the company’s mission is to enable customers to succeed with breakthrough ideas and solutions that help them move everything from first to final mile. Wabash National designs and manufactures a diverse range of products, including: dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, 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®, Supreme®, Transcraft®, Walker Engineered Products, and Walker Transport. Learn more at www.wabashnational.com.
Dana Stelsel – Director Corporate Communications – email@example.com – (765) 771-5766
Source: Wabash National Corporation