Canadian trailer builder buys Missouri plant

| Tuesday, August 27, 2002

Quebec semitrailer manufacturer Manac has announced the acquisition of certain assets of Oran, MO-based manufacturer CPS Trailer.

The $4.5 million purchase of CPS Trailer includes a 115,000-square-foot plant as well as certain raw material and finished products. This is Manac's first plant in the United States. The company operates three plants in Quebec and one in Ontario.

CPS manufacturers bottom dump trailers and specialty semitrailers. Annual production capacity is 800 units.

Manac, Canada's largest semitrailer manufacturer, says the acquisition will allow the company to take advantage of the increase in demand felt in the transport industry during the first half of 2002. Manac's backlog is currently 2,753 units, compared to 984 during the same time last year.

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