Wabash National Corporation (NYSE:WNC), a diversified industrial
manufacturer and North America's leading producer of semi-trailers
and liquid transportation systems, today announced an agreement
with Portland-based TEC Equipment, Inc. to provide sales, parts and
service for Wabash National®, Transcraft® and Benson® brand
trailers in California, Oregon and Washington.
"The agreement with TEC Equipment is one more step in executing
Wabash National Corporation's strategic growth plan as we expand
access and service along the West Coast," explained Dick Giromini,
president and chief executive officer of Wabash National
Corporation.
Beginning May 2014, TEC Equipment will facilitate the transition
of three Wabash National Trailer Centers to independent dealer
facilities operated by TEC Equipment. These locations in Portland,
Oregon, and Sacramento and Fontana, California, will add to the
geographic footprint of TEC Equipment's four existing locations
that will sell and service Wabash National, Transcraft and Benson
products.
"TEC Equipment has extensive expertise in the business and a
long history of providing effective transportation solutions to its
customer base," added Brent Yeagy, group president of Commercial
Trailer Products at Wabash National. "We are pleased to welcome TEC
Equipment to the team as we strengthen our competitive presence on
the West Coast, while continuing to expand and elevate our dealer
network to provide the level of support our customers expect."
"Our relationship with TEC Equipment provides the opportunity
for our retail locations to channel their energies in driving the
many growth and diversification efforts already underway, including
tank parts and service expansion, mobile service growth, and
customer-site service growth opportunities," added Rick Klein, vice
president and general manager of Retail.
TEC Equipment will be fully stocked with new model year Wabash
National dry and refrigerated vans, and Transcraft and Benson
platform trailers, in addition to being outfitted with a full
selection of parts through Aurora Parts & Accessories, LLC, the
exclusive supplier of authorized parts for Wabash National.
"Aurora looks forward to this new partnership with the TEC
Equipment team," said Mike Conley, vice president of sales at
Aurora Parts & Accessories. "We are committed to providing the
highest level of parts and service support to ensure a seamless
transition for the local customer base and our national fleet
customers through FleetPerform®."
"We are very excited about our new relationship with Wabash
National," said TEC Equipment Chief Executive Officer and President
Dave Thompson. "As the largest full-service truck dealership on the
West Coast, TEC is positioned to service small and large fleets
alike as our trailer sales and support division grows with the
addition of Wabash National's portfolio of high-quality vans and
platform trailers."
Customers may contact Sean Kenney, vice president of sales for
Commercial Trailer Products, at (765) 771-5300 with questions about
sales and service support at these new locations.
About Wabash National Corporation
Headquartered in Lafayette, Indiana, Wabash National Corporation
(NYSE:WNC) is a diversified industrial manufacturer and North
America's leading producer of semi trailers and liquid
transportation systems. Established in 1985, the company
specializes in the design and production of dry freight vans,
refrigerated vans, platform trailers, liquid tank trailers,
intermodal equipment, engineered products and composite products.
Its innovative products are sold under the following brand names:
Wabash National®, Transcraft®, Benson®, DuraPlate®, Walker
Transport, Walker Defense Group, Walker Barrier Systems, Walker
Engineered Products, Brenner® Tank, Beall®, Garsite, Progress Tank,
TST®, Bulk Tank International and Extract Technology®. To learn
more, visit www.wabashnational.com.
About TEC Equipment, Inc.
Headquartered in Portland, Oregon, TEC Equipment, Inc. has 19
locations strategically located along the west coast's I-5 corridor
in Oregon, Washington, Nevada and California. Since its modest
beginnings in 1976, TEC Equipment has grown to be the west's
largest and most recognized multi-point, full-service truck
dealership. TEC Equipment's commercial truck franchises include:
Mack, Volvo, Isuzu, Hino and GMC, Cottrell car carriers, and Wabash
trailers, along with authorized service centers for Autocar and
Cummins & CAT engines. With a large inventory of equipment,
parts, service, body shop, fuel, insurance, financing, rental and
leasing, TEC Equipment offers one-stop truck shopping. For more
information, please visit www.tecequipment.com or contact Dave
Schwanke, corporate marketing manager at 503-285-7667 or
dschwanke@tecequipment.com.
Safe Harbor Statement
This press release contains certain forward-looking statements
as defined by the Private Securities Litigation Reform Act of 1995
about the Company's proposed sale of certain assets of Wabash
National Corporation to TEC Equipment and the timing of the
anticipated transaction. Forward-looking statements convey the
Company's current beliefs, expectations or forecasts of future
events but are subject to a number of risks, uncertainties and
changes in circumstances, which may cause actual results or actions
to differ materially from what is expressed or implied by these
statements. All statements contained in this press release other
than statements of historical fact are forward-looking statements.
The factors that could cause actual future results to differ
materially from current expectations include, but are not limited
to, the satisfaction of conditions to closing the transaction and
the time and resources required to do so, competitive developments,
conditions in each of the companies industries. Readers should
review and consider the various disclosures made by the Company in
this report and in the Company's other reports to its stockholders
and periodic reports on Forms 10-K and 10-Q and the risk factors
discussed in the Company's filings with the U.S. Securities and
Exchange Commission.
CONTACT: Media Contact:
Dana Stelsel
Corporate Communications Manager
(765) 771-5766
dana.stelsel@wabashnational.com
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