Waste Haulers to Benefit from Natural Synergies Between E-Z Pack and Navistar
E-Z Pack operations to continue building, marketing and supporting industry-leading refuse truck bodies, integration with other OEM chassis
LAS VEGAS, May 1, 2012 /PRNewswire/ -- E-Z Pack Manufacturing, a leader in refuse truck body innovation for more than 60 years, announced that certain assets, including intellectual property, of the company are being acquired by Navistar, Inc. The announcement was made at Waste Expo 2012, North America's largest solid waste and recycling industry trade show. Terms of the transaction were not disclosed.
E-Z Pack President Greg Podell said he expects E-Z Pack to continue to operate in a normal business manner throughout a transition period. "We will continue to build, market, sell and support our traditional chassis-agnostic product lines, including our full line of quality Hercules front loaders and automated side loaders, and our Goliath rear loaders. We will also support the integrated cab-chassis-body product line from Navistar."
"This acquisition is another example of how Navistar is growing its business by leveraging what we have and what others have built," said Jack Allen, president, Navistar's North American truck group. "The addition of integrated refuse bodies to our line-up gives us another opportunity to provide an integrated, one-stop shop for waste haulers and helps expand Navistar's industry-leading portfolio of purpose-built products."
Podell noted that the E-Z Pack manufacturing plant in Cynthiana, Kentucky, will continue building and mounting refuse truck bodies on all chassis by original equipment manufacturers (OEMs) throughout the transition period.
"Our relationship with Navistar began as a collaborative integration project intended to solve the various technical and operational challenges commonly faced by waste haulers buying chassis from one OEM and acquiring packer bodies from a separate body OEM," Podell said. "The simplicity afforded haulers by an integrated refuse truck will provide improved productivity and fleet management efficiencies."
Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses, Monaco® RV brands of recreational vehicles, and Workhorse® brand chassis for motor homes and step vans. The company also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.navistar.com/newsroom.
About E-Z Pack Manufacturing, LLC
E-Z Pack Manufacturing, LLC is a leading manufacturer of waste collection truck bodies, including front loaders, rear loaders and side loaders used on commercial and residential routes. Located in Cynthiana, Kentucky, the company has offered dependable, efficient trash truck bodies and quality OEM parts for more than 60 years. E-Z Pack brands include the Hercules™ Front Loader and Automated Side Loader and the Goliath™ and Apollo™ Rear Loaders. For more information, please visit the company's website: www.ezpacktrucks.com
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