Classic Manufacturing, Inc. Acquired by Obsidian Enterprises, Inc.
May 06 2004 - 5:44PM
PR Newswire (US)
Classic Manufacturing, Inc. Acquired by Obsidian Enterprises, Inc.
INDIANAPOLIS, May 6 /PRNewswire-FirstCall/ -- Obsidian Enterprises,
Inc. (BULLETIN BOARD: OBDE) announced today the acquisition of
Classic Manufacturing, Inc., a Michigan-based manufacturer of open
and enclosed trailers. Classic Manufacturing produces commercial,
racing and recreational trailers under the Classic Trailers brand
identification. Founded in 1964, Classic manufactures a full line
of trailers, including cargo, fifth wheel, gooseneck, motorcycle,
race, snowmobile and stacker/lift trailers as well as all-aluminum
trailers and camper and bike packages. Finished products are
primarily used to haul cargo, race cars, ATVs, motorcycles and
snowmobiles. Its open trailers are also used in the landscaping
industry. Located in Sturgis, Michigan, Classic will also begin
manufacturing out of additional facilities this summer. The current
63,220 square foot facility services clients located in the
Midwest, Northeast and Southeast, among other regions in the United
States and Canada. The new Lewisville, Texas facility will help
meet the needs of dealers and customers located in the Western and
Southwestern portion of the U.S. Current co-owners Brad Baker and
Wade Wolf will continue to serve as CEO and President,
respectively. In making the announcement, Terry Whitesell, Obsidian
President & COO, stated, "We are very pleased to have the
Classic team join Obsidian. Classic Trailer has an excellent
reputation in the industry for both their quality product and
customer service. Brad Baker and Wade Wolf's experience and
knowledge will be a great asset to our group." Classic Trailers is
active in the motor sports market, which represents a bulk of its
customer base. Classic is the "Official Trailer" for the IHRA
(International Hot Rod Association), ClearChannel/SFX Super
Cross/Arena Cross series, Kalamazoo Speedway, Berlin Speedway,
Norwalk Raceway Park, Red Bud Track & Trail, Dutch Sport Park
and SJO Productions. For more information on Classic Manufacturing,
Inc., visit http://www.classicmfg.com/ or call Terry Whitesell at
(317) 237-4122. Obsidian Enterprises, Inc., is a publicly-traded
(OTCBB: OBDE) holding company headquartered in Indianapolis.
Obsidian invests in small- and mid-cap companies in basic
industries such as manufacturing and transportation. Obsidian's
subsidiaries and affiliates also include Champion Trailers, Danzer
Morrison, Evans Trailers, Pyramid Celebrity Coaches, United
Trailers and U.S. Rubber Reclaiming. For more information on
Obsidian Enterprises, call (317) 237-4122 or visit
http://www.obsidianenterprises.com/ . DATASOURCE: Obsidian
Enterprises, Inc. CONTACT: Terry Whitesell, President & COO of
Obsidian Enterprises, Inc., +1-317-237-4122 Web site:
http://www.obsidianenterprises.com/ http://www.classicmfg.com/
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