Oshkosh Truck Agrees to Buy Certain Temco AssetsOSHKOSH, WIS.--March 9, 2001--Oshkosh Truck Corporation [NASDAQ: OTRKB], a leading manufacturer of trucks and truck bodies, announced today that it has agreed to purchase certain assets of Trinity Equipment Manufacturing Company (TEMCO), a concrete mixer and parts manufacturer, from its parent company, Dallas-based Trinity Industries, Inc. [NYSE: TRN]. TEMCO is ceasing production of concrete mixers, concrete mixer parts and concrete batch plants.
The companies have signed an agreement for Oshkosh to buy machinery, equipment, parts inventory and certain intangible assets. Terms of the transaction were not disclosed.
Oshkosh Truck Corporation [NASDAQ: OTRKB] is a leading manufacturer of specialty trucks and truck bodies for the defense, fire and emergency, concrete placement and refuse hauling markets. Oshkosh Truck is a Fortune 1000 company with products marketed under the Oshkosh, Pierce, McNeilus and Medtec brand names. The company is headquartered in Oshkosh, Wis., and had annual sales of $1.324 billion in fiscal 2000.