Industry News: June 2017

Catch up on the latest acquisitions, promotions and company milestones
Industry News: June 2017

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Continental ContiTech adding to Iowa manufacturing center
Continental ContiTech announced it is investing about $12 million in its PVC hose business in North America and is expanding its manufacturing capabilities and production capacities into a new competence center at its Mount Pleasant, Iowa, plant.

Federal Signal to acquire Truck Bodies and Equipment International
Federal Signal announced that it intends to acquire Truck Bodies and Equipment International for $270 million, subject to post-closing adjustments. The company states the transaction will allow leveraging its expertise in building chassis-based vehicles, expanding its exposure to industrial end markets.

SJE-Rhombus awarded the 2017 ESOP Company of the Year award
SJE-Rhombus was named the 2017 Employee Stock Ownership Plan Company of the Year at the annual ESOP Association Conference in Washington, D.C. Founded in 1975, the company has nearly 500 employees and eight locations globally.

Vac2Go opens new location in Memphis
Vac2Go announced the opening of their third rental service location at 8465 Hamilton Rd., Southaven, Mississippi. The company will occupy 30,000 square feet and will offer vacuum truck rentals, parts, accessories and service, as well as a large selection of NLB Corp. high-pressure waterjetting equipment.


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