Acquisition makes Kidron a major player
Aug 25, 2003 12:00 PM, from staff and wire reportsSpecialized Vehicles Corp, parent company of Kidron, has completed an acquisition that has made Kidron one of the largest manufacturers of truck bodies and trailers in North America. SVC acquired two additional manufacturing facilities in Tulare CA and Montgomery PAÑboth formerly owned by Grumman Olson.
This acquisition provides Kidron with more than 350,000 square feet of additional manufacturing space, complementing existing manufacturing facilities in Kidron OH and Lakeland FL. The company took immediate possession of the two new manufacturing facilities and work forces, expediting preparation for them to produce Kidron products.
With this acquisition, Kidron culminates its strategy to be a national provider of insulated truck bodies and trailers capable of providing fast service and product deliveries for both coasts. The acquisition also enhances its product portfolio. Kidron now will offer refrigerated trailers, insulated truck bodies, dry freight van bodies, cutaway bodies, and service bodies.
Kidron has also secured a chassis bailment pool to serve the dealer markets.