Spartan Motors has Acquired the Assets of General Truck Body, Inc.

On June 13, 2019, Spartan Motors, Inc., (NASDAQ: SPAR) ("Spartan" or the "Company"), the North American leader in specialty vehicle manufacturing and assembly for the commercial and retail vehicle industries, as well as for the emergency response and recreational vehicle markets, announced that it has acquired the assets of General Truck Body, Inc. (“GTB”), a California-based, regional manufacturer of custom light and medium duty truck bodies.

The purchase of General Truck Body assets immediately expands Spartan Motors' truck body manufacturing operations into California while enhancing its refrigerated vehicle production capabilities and granting customers access to additional truck and van body types. Augmenting Spartan's recent East Coast expansion, the addition of this Southern California manufacturing and assembly facility increases the Spartan and Utilimaster product portfolio and effectively grants customers efficient, cost-competitive build-and-ship capabilities from coast-to-coast.

The GTB product portfolio and employees will join Spartan Motors under its Fleet Vehicles and Services (“FVS”) business unit, which is a leader in the fleet, commercial vehicle, and specialty service markets. FVS designs, engineers, and manufactures truck bodies, walk-in vans, highly customized global fleets, and vocation-specific upfits under the Utilimaster, Spartan Upfit Services, and Strobes-R-Us™ go-to-market brands. The business will assume the Utilimaster brand name on a go-forward basis. Utilimaster's Work-Driven Design® process blends customer needs with vocation-based vehicle and upfit solutions.