Rv manufacturer announces production consolidating
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Companies were obviously losing out on leveraging opportunities.As a result, in some cases companies turned to lead-site purchasing.
Centralized purchasing organizations also often reduced their number of suppliers and forged strategic relationships with a handful of key suppliers in an effort to guarantee low cost, continuity of supply, continuous quality improvement, and access to suppliers' latest and greatest technology.These forward-looking statements involve various known and unknown risks, uncertainties, and assumptions that are difficult to predict with regard to timing, extent, and likelihood.Therefore, actual performance and results may materially differ from what may be expressed or forecasted in such forward-looking statements.We undertake no obligation to publicly update or revise any forward-looking statements in this release, whether as a result of new information, future events, or otherwise. In the 1990s, supply base reduction was the battle cry for many purchasing departments at large vertically integrated electronics original equipment manufacturers (OEMs).The issue remains an important one, but is taking a back seat to industry consolidation, in many cases.
Looking back at supply base reduction, OEMs often had thousands of suppliers, and it was common to have a dozen or more suppliers for a single part.
Smeal is expected to generate 2016 revenues of approximately 0 million, which includes approximately million of Spartan chassis sold to Smeal.
The newly combined Spartan Emergency Response business unit will rank as one of the top-four North American fire apparatus manufacturers and will be well positioned, in an increasingly consolidating industry, to provide a robust and respected portfolio of leading products, services, and technologies.
("Smeal"), an industry-leading innovator and manufacturer of fire apparatus in North America, and its subsidiaries for .3 million, subject to certain net working capital adjustments, the Company's forgiveness of certain liabilities owed by Smeal to the Company, and a subsequent tax gross-up payment, which is expected to be more than offset by tax benefits accruing to the Company.
(NASDAQ: SPAR) ("Spartan" or the "Company"), a global leader in specialty chassis and vehicle design, manufacturing, and assembly, today announced its wholly-owned subsidiary, Spartan Motors USA, Inc., has entered into a definitive agreement to acquire Smeal Fire Apparatus Co.
Today, Spartan's Emergency Response business unit engineers and builds fire truck cabs and chassis for many of the industry's leading original equipment manufacturers (OEMs), including Smeal, as well as designs and manufactures complete fire apparatus.