Universal Trailer Holdings Corp. (UTC) has announced that one of its subsidiaries has completed its merger with Featherlite Inc. and Featherlite has become a wholly owned subsidiary of UTC.
With the closing, Featherlite, a major American aluminum trailer manufacturer with a network of over 220 dealers in the U.S., Canada, Australia and Europe, joins UTC’s family of brands.
The assets of Featherlite’s luxury motor coach division have been sold to Featherlite Coaches, Inc., a newly formed company controlled by Conrad Clement, Tracy Clement and Bulk Resources Inc.
Tom Frey, president and chief executive officer of Universal Trailer, said, “The Featherlite acquisition is a terrific strategic fit, expanding Universal’s reach into new market segments and price points. It rounds out our good, better, best product offer with a multi-brand strategy.”
Universal Trailer expects to retain the existing Featherlite trailer manufacturing locations and dealer network.
With the closing, Featherlite, a major American aluminum trailer manufacturer with a network of over 220 dealers in the U.S., Canada, Australia and Europe, joins UTC’s family of brands.
The assets of Featherlite’s luxury motor coach division have been sold to Featherlite Coaches, Inc., a newly formed company controlled by Conrad Clement, Tracy Clement and Bulk Resources Inc.
Tom Frey, president and chief executive officer of Universal Trailer, said, “The Featherlite acquisition is a terrific strategic fit, expanding Universal’s reach into new market segments and price points. It rounds out our good, better, best product offer with a multi-brand strategy.”
Universal Trailer expects to retain the existing Featherlite trailer manufacturing locations and dealer network.
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