Reading Truck Group acquires Palfinger’s North American service body business

Reading Truck Group acquires Palfinger’s North American service body business
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The Palfinger Group has announced the restructuring of its business in North America, which includes an agreement to transfer its four service body distribution and upfitting business to Reading Truck Group. The four PalFleet sites are located in Council Bluffs, Iowa; Indianapolis; Louisville, Kentucky; and Nashville. The transaction is expected to close in March 2017.

With the sale, Omaha Standard LLC will exit the service body business in North America. The company plans on focusing its efforts on manufacturing and marketing Palfinger’s core products, including the Palfinger brand PAL Pro Mechanics bodies, telescopic service cranes and liftgates. The future strategic direction of PalFleet will include a strong focus on these core products, in addition to the sales, installation and service of Palfinger articulating cranes and truck-mounted forklifts through its remaining locations.

The service body has been part of the Palfinger product portfolio since 2008, when it was acquired as part of the Omaha Standard. In the course of Palfinger’s restructuring measures launched last year, the decision was made to optimize the product portfolio and focus on its core business. The transaction with Reading Truck Group will support the restructuring process.

For Reading Truck Group, the acquisition of the four PalFleet locations increases the number of facilities it owns to 14 in 11 states.

“The acquisition of these PalFleet locations expands chassis pool availability in the Midwest, enhances service accessibility and elevates brand awareness, from which all Reading distributors can benefit,” says Tom Reynolds, president of Reading Truck Group.

Reading Truck Group, Reading, Pennsylvania, designs, engineers, manufactures and markets service/utility truck bodies, as well as other vocational truck bodies and related truck equipment.  

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Source: Recycling Today
Reading Truck Group acquires Palfinger’s North American service body business
<![CDATA[The Palfinger Group has announced the restructuring of its business in North America, which includes an agreement to transfer its four service body distribution and upfitting business to Reading Truck Group. The four PalFleet sites are located in Council Bluffs, Iowa; Indianapolis; Louisville, Kentucky; and Nashville. The transaction is expected to close in March 2017.With the sale, Omaha Standard LLC will exit the service body business in North America. The company plans on focusing its efforts on manufacturing and marketing Palfinger’s core products, including the Palfinger brand PAL Pro Mechanics bodies, telescopic service cranes and liftgates. The future strategic direction of PalFleet will include a strong focus on these core products, in addition to the sales, installation and service of Palfinger articulating cranes and truck-mounted forklifts through its remaining locations.The service body has been part of the Palfinger product portfolio since 2008, when it was acquired as part of the Omaha Standard. In the course of Palfinger’s restructuring measures launched last year, the decision was made to optimize the product portfolio and focus on its core business. The transaction with Reading Truck Group will support the restructuring process. For Reading Truck Group, the acquisition of the four PalFleet locations increases…