CHARLOTTE, Mich., June 25, 2019 /PRNewswire/ -- 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, today
announced the launch of Detroit Truck Manufacturing (DTM), a
captive channel supplier of fabricated aluminum cabs for Spartan's
fire trucks, as well as its cab and chassis product it supplies to
over 40 OEM fire truck manufacturers. DTM will enable Spartan to
achieve greater flexibility through further insulating the
organization from risk in its broader supply base, optimizing its
cost structure and quality control efforts.
"I am very pleased to announce the launch of Detroit Truck
Manufacturing. In addition to producing cabs designed for
final stage manufacturing, this initiative further protects Spartan
from potential supplier disruptions in our changing economic
climate," said Daryl Adams,
President and Chief Executive Officer, Spartan Motors. "While we
plan to further expand our supply base across the organization as
part of our long-term strategic growth and financial initiatives,
creating a captive channel cab manufacturer provides Spartan
greater flexibility and an optimized cost structure to fuel
additional, profitable growth."
DTM represents an organic growth opportunity for Spartan Motors
through its proximity to the Detroit area, strategic customers, highly
skilled automotive talent pool, and improved quality of product
validation. This initiative will further Spartan's vertical
integration strategy for efficiencies and savings, along with
reduced material costs and freight savings that will be leveraged
across the enterprise.
Residing on five acres in Madison
Heights, Michigan, this new facility will improve quality
while reducing lead times by utilizing world-class flexible
manufacturing technologies. As Spartan Motors continues to
grow and expand by reinforcing its commitment to U.S.
manufacturing, DTM also provides a pipeline to highly skilled
talent with unique competencies in the areas of fabrication,
welding, quality assurance, and manufacturing optimization.
About Spartan Motors
Spartan Motors, Inc. is the
North American leader in specialty vehicle manufacturing and
assembly for the commercial and retail vehicle industries
(including last-mile delivery, specialty service, and
vocation-specific upfit segments), as well as for the emergency
response and recreational vehicle markets. The Company is
organized into three core business segments, including Spartan
Fleet Vehicles and Services, Spartan Emergency Response, and
Spartan Specialty Vehicles. Today, its family of brands also
include Spartan Authorized Parts, Spartan Factory Service Centers,
Utilimaster®, Strobes-R-Us™, Smeal, Ladder Tower™, and
UST®. Spartan Motors and its go-to-market brands are
well known in their respective industries for quality, durability,
aftermarket product support, and first-to-market innovation. The
Company employs approximately 2,300 associates, and operates
facilities in Michigan,
Indiana, Pennsylvania, South
Carolina, Florida,
Missouri, California, Nebraska, South
Dakota; Saltillo, Mexico;
and Lima, Peru. Spartan reported
sales of $816 million in 2018.
Learn more about Spartan Motors at www.spartanmotors.com.
CONTACT:
Media:
Samara Hamilton
Corporate Director of Marketing and Communications
Spartan Motors, Inc.
Samara.Hamilton@spartanmotors.com
(517) 997-3860
Investors:
Juris Pagrabs
Group Treasurer, Director of Investor Relations
Spartan Motors, Inc.
Juris.Pagrabs@spartanmotors.com
(517) 997-3862
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SOURCE Spartan Motors, Inc.