Wabash National Corporation to Expand Operations to Minnesota with Advanced Composites Manufacturing Facility
10 February 2017 - 8:15AM
Wabash National Corporation (NYSE:WNC), a diversified
industrial manufacturer and North America’s leading producer of
semi-trailers and liquid transportation systems, today announced
plans to invest more than $3 million for a manufacturing facility
in Little Falls, Minnesota, as part of a $10 million longer-term
plan to expand production operations for molded structural
composites (MSC).
“In support of the continued success of our strategic growth and
diversification efforts in advanced composites, we’re making this
next step in our multi-year development plan to commercialize
molded structural composites for select parts of the trailer and
truck body markets,” said Dick Giromini, chief executive officer.
“We want to express our appreciation to Little Falls Mayor Zylka
and city officials for their support on this project. We look
forward to joining area businesses as an economic contributor and
community supporter.”
After considerable evaluation of potential expansion
opportunities across the United States, Wabash National is
purchasing the Little Falls facility from Larson Boat Group. Wabash
National selected the Little Falls location as the launch facility
for MSC products because of the unique combination of an
experienced and highly skilled workforce in composite manufacturing
processes, along with a fully equipped and highly engineered
facility capable of producing large-size parts at high rates of
volume.
Combining this composites manufacturing capability with Wabash
National’s R&D expertise in advanced composites will allow the
company to begin scaling MSC technology across multiple product
categories.
“We remain committed to transforming Wabash National into a more
diversified industrial company with a broader array of products and
services. Our expanding portfolio of composite offerings is
instrumental to that goal,” explained Brent Yeagy, president and
chief operating officer. “The expansion of our MSC manufacturing
capabilities, as well as our new licensed ThermHex honeycomb core
composite technology that we announced last year, highlight this
growing competency in advanced composites.”
Wabash National expects to create more than 100 jobs in Little
Falls over the next five years, while continuing to grow its other
composites manufacturing operations in Lafayette and Frankfort,
Indiana. The company expects to take ownership of the property in
April 2017.
About Wabash National Corporation 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 in
Lafayette, Indiana, the company manufactures a diverse range of
products, including: dry freight and refrigerated trailers,
platform trailers, bulk tank trailers, dry and refrigerated truck
bodies, truck-mounted tanks, intermodal equipment, aircraft
refueling equipment, structural composite panels and products,
trailer aerodynamic solutions, and specialty food grade and
pharmaceutical equipment. Its innovative products are sold under
the following brand names: Wabash National®, Beall®, Benson®,
Brenner® Tank, Bulk Tank International, DuraPlate®, Extract
Technology®, Garsite, Progress Tank, Transcraft®, Walker Engineered
Products, and Walker Transport. Learn more at
www.wabashnational.com.
Media Contact:
Dana Stelsel
Corporate Communications Manager
(765) 771-5766
dana.stelsel@wabashnational.com
Investor Relations:
Mike Pettit
Vice President – Finance and Investor Relations
(765) 771-5581
michael.pettit@wabashnational.com
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