Transcraft to sell production facility in Illinois

Thu. November 05, 2009; Posted: 09:30 AM

Nov 05, 2009 (Datamonitor via COMTEX) -- WNC | Quote | Chart | News | PowerRating -- Wabash National, a manufacturer of truck trailers and related transportation equipment, has said that its wholly-owned subsidiary, Transcraft, has agreed on the terms of a sale of its Anna, Illinois production facility, and will consolidate its operations into its Cadiz, Kentucky facility.

The platform production at the Anna facility is expected to cease sometime in the first half of 2010, at which time the new production lines at the Cadiz production facility will be fully operational.

Transcraft plans to sell the facility to Rusty Flamm, a local business owner. Mr Flamm is the owner of Rusty's Home Center, a lumberyard and home center business.

Transcraft will reportedly consolidate production of all product lines from two production facilities to one in Cadiz, Kentucky, which will also serve as its corporate headquarters. The Cadiz manufacturing plant currently produces all of Transcraft's aluminum platform and dump product lines.

Terry Campbell, general manager of Transcraft, said: "These types of decisions are always difficult to make, especially when it affects associates, but due to the current economic climate we are faced with the need to further right size our operating footprint and reduce our cost structure.

"We expect this to be a seamless transition in production due to utilization of excess manufacturing equipment, which should have no impact to our customers."

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For full details on Wabash National Corp (WNC) click here. Wabash National Corp (WNC) has Short Term PowerRatings of 7. Details on Wabash National Corp (WNC) Short Term PowerRatings is available at This Link.

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