LAFAYETTE, IN – Wabash National is purchasing Supreme Industries — the second-largest maker of truck bodies in the U.S. – as an answer to the growing e-commerce segment.
The cash offer is valued at US $21 per share, which equates to an equity value of $364 million and enterprise value of $342 million. The company expects to realize at least $20 million in annual cost savings by 2021, largely through corporate and procurement expenses and operational savings. Supreme, founded in 1974, recorded $299 million in sales last year and has seven facilities across the country. (All figures are in US dollars.)
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