LOOK Trailers Buys Pace
Nov 9, 2011 2:06 PM
LOOK Trailers, a Bristol, Indiana, cargo trailer company, has purchased trade names and intellectual property along with limited assets of Pace American Enterprises, Inc.
The former Illinois-headquartered Pace American Trailers Inc. closed manufacturing operations at its Middlebury, IN, facility and four additional manufacturing locations in August, resulting in a loss of over 400 jobs nationwide.
LOOK Trailers, opened for business February 2010 under the leadership of Matt Arnold, President. According to Arnold, the customer-focused company is financially stable with a strong balance sheet and seasoned management team with extensive experience in the trailer industry.
LOOK currently produces enclosed cargo, utility and car trailers as well as custom-built trailers for specific customer needs. The LOOK brand and product line up will remain independent as it revives the Pace American Brand in the coming months.
Said Arnold, "Pace American has tremendous brand recognition that we know will be favorably received by our dealers and the retail public. We look forward to resuming production of the well-regarded Pace American and Cargo Express products as early as next month. "
Because there is capacity at its satellite manufacturing sites, LOOK will begin manufacturing of these select Pace American products at its facilities in Fitzgerald, GA, Springville, UT, and Phoenix, AZ. LOOK is also partnering with the local Economic Development Corporation of Elkhart County and exploring the possibility of resumed operation of the former Pace American Trailer manufacturing facility in Middlebury, IN.
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