A trailer manufacturing company with plants in the Dakotas has been sold to a new parent company.
Mitchell-based Trail King Industries says it has been sold from Charlotte, N.C.-based Carlisle Companies Inc. to CC Industries Inc., the holding and management firm of Chicago-based Henry Crown and Company. The sales price was not immediately disclosed.
Trail King President Carol Lowe tells The Daily Republic she will remain in her position, and plants in Mitchell and West Fargo, N.D., will remain open. A third plant in Pennsylvania was closed and sold last year.
There are 324 employees in Mitchell, 225 in West Fargo and another 19 regional sales managers and support staff. Lowe says all will be retained as the company rebuilds its work force in the wake of layoffs last year tied to the economic recession.
Information from: The Daily Republic, http://www.mitchellrepublic.com