Kidron adds products, manufacturing, and distribution
Aug 25, 2003 12:00 PM
Kidron's parent company, Specialized Vehicles Corporation (SVC) has completed a strategic acquisition that has made Kidron one of the largest manufacturers of truck bodies and trailers in North America.SVC acquired two additional manufacturing facilities located in Tulare, California, and Montgomery, Pennsylvania - both formerly owned by Grumman Olson.
The acquisition provides Kidron with over 350,000 square feet of additional manufacturing space, complementing existing Kidron manufacturing facilities in Kidron, Ohio, and Lakeland, Florida. Kidron took immediate possession of the two new manufacturing facilities and work forces, expediting the process of preparing them to produce Kidron products.
The acquisition marks the culmination of Kidron's business strategy to be a national provider of insulated truck bodies and trailers capable of providing fast service and product deliveries for customers and dealers on both coasts. The acquisition also meets the strategic goal of continuing to expand the Kidron product portfolio with additional product lines. Kidron will now offer insulated truck bodies, dry freight van bodies, cut-away bodies, service bodies and refrigerated trailers.
It is anticipated that all facilities will produce the entire product portfolio. Kidron has also secured a chassis bailment pool to serve the dealer markets.
