Reading, Pa. – Reading Truck Group announced last week that it has reached a purchase agreement with the PALFINGER Group for its service bodies line of business. Reading Truck Group will assume customers, staff and assets at four PalFleet sites: Council Bluffs, IA, Indianapolis, IN, Louisville, KY and Nashville, TN. The transaction is expected to close in March 2017. With these additions, the number of Reading distribution and upfitting sites will increase to 14 facilities in 11 states.
“The acquisition of these PalFleet locations expands chassis pool availability in the Midwest, enhances service accessibility and elevates brand awareness, from which all Reading distributors can benefit,” said Tom Reynolds, President of Reading Truck Group.
Reading Truck Group (“Reading”) is a wholly-owned business unit of J.B.Poindexter & Co., Inc. and a leading designer, engineer, manufacturer and marketer of service/utility truck bodies, as well as other vocational truck bodies and related truck equipment. The company’s headquarters and manufacturing facility are located in Reading, PA but it also operates other company-owned installation facilities under Reading Equipment & Distribution.
J.B. Poindexter & Co., Inc. is a privately-held, diversified manufacturing company, with operating subsidiaries engaged in the production of commercial truck and van bodies, step-vans, service/utility truck and van bodies, funeral coaches, limousines, pick-up truck caps and tonneau covers, precision machined components and expandable foam plastics.