Wabash National Corporation has entered into an agreement to acquire certain assets of Beall Corporation in a $15 million cash deal. The acquisition is expected to close during the first quarter of 2013.
“This acquisition represents the latest step in our ongoing initiative to diversify outside of our core Commercial Trailer Products business. Additionally, these assets and the Beall brand name strategically complement our Walker Group business through product portfolio expansion and geographic growth in the West,”Wabash National President and Chief Executive Officer, Dick Giromini says.
Beall is a manufacturer of aluminum tank trailers and related equipment based in Portland, Ore.
The addition of Beall’s 406 Petroleum tank trailer and Dry Bulk product line opens up new markets and provides the company with the broadest product portfolio in the tank industry along with the addition of production capabilities in Portland, Doug Chapple, President of the Walker Group, says.
