Wabash National Corp. is acquiring Supreme Industries Inc. (NYSE: STS), a supplier of commercial vehicles and related components, for approximately $364 million. The deal is intended to advance Wabash National into the final mile, or the last leg, of the delivery process.
Founded in 1974, Supreme is a U.S. manufacturer of light and medium-duty truck bodies. The Goshen, Indiana-based target has seven facilities throughout the United States. Supreme is one of the largest U.S. truck body suppliers with reports of $299 million in sales in 2016. The target serves a range of customers, including: national rental fleets, national and regional leasing companies, truck dealers and fleet operators.