CHARLOTTE, Mich. — Spartan Motors, Inc. today announced the sale of the majority of its Wakarusa, Indiana facility to Forest River, Inc., a Berkshire Hathaway Company. This transaction was pursuant to Spartan's announcement on Feb. 14, 2012 that it will relocate the Company's Utilimaster operations to Bristol, Indiana from Wakarusa, Indiana. All terms of the transaction were in line with previously disclosed estimates.
"The sale of the Wakarusa facility represents an important step in the transition of Utilimaster's operations to Bristol," said John Sztykiel, President and CEO of Spartan Motors, Inc. "As we finalize the move and ramp up production, we expect the new, modern plant to support Utilimaster's long-term growth and enable us to achieve our potential in Delivery and Service Vehicles."
The move to Bristol, located 20 miles East of Wakarusa, will consolidate Utilimaster's operations into one facility from its current campus of 16 buildings. Moving into a single plant, combined with lean manufacturing practices, will help enable Utilimaster to improve product quality and manufacturing efficiency by reducing operating costs and eliminating non-value-added steps.
About Spartan Motors
Spartan Motors, Inc. designs, engineers and manufactures specialty chassis, specialty vehicles, truck bodies and aftermarket parts for the recreational vehicle (RV), emergency response, government services, defense, and delivery and service markets. Visit Spartan Motors at www.spartanmotors.com.