In January 2017, Spartan Motors, Inc. (NASDAQ: SPAR) (“Spartan” or the “Company”), a global leader in specialty chassis and vehicle design, manufacturing, and assembly, announced its wholly-owned subsidiary, Spartan Motors USA, Inc., has completed the acquisition of substantially all of the assets and assumed certain liabilities of Smeal Fire Apparatus Co. (“Smeal”). The acquisition will enable Spartan to strengthen its Emergency Response business, gain scale and geographic reach in the industry, and accelerate its Emergency Response business unit turnaround plan. The newly combined Spartan Emergency Response business unit will rank as one of the top-four North American fire apparatus manufacturers and will be well positioned, in an increasingly consolidating industry, to provide a robust and respected portfolio of leading products, services and technologies.
SPARTAN MOTORS, INC.
Spartan Motors, Inc. (NASDAQ: SPAR) is a leading designer, engineer, manufacturer and marketer of a broad range of specialty vehicles, specialty chassis, vehicle bodies and parts for the fleet and delivery, recreational vehicle (RV), emergency response, defense forces and contract assembly (light/medium duty truck) markets. The Company employs approximately 1,800 associates, and operates facilities in Michigan, Indiana, Pennsylvania, Kansas, South Dakota, Saltillo, Mexico; and Lima, Peru. Spartan reported sales of $550 million in 2015.
SMEAL FIRE APPARATUS CO.
Smeal, including U.S. Tanker Co. and Ladder Tower Co., is recognized as a premier manufacturer and innovator of customized fire apparatus. The company offers a full line of custom and commercial pumpers, stainless steel tanker, aerial ladders, platforms, TDA’s and wildland urban interface vehicles (WUI). Smeal has four operating facilities, approximately 400 employees, and is expected to generate 2016 revenues of approximately $100 million (including Spartan chassis sales). Smeal sells its products worldwide and is based in Snyder, Nebraska.