Manufacturing Industry
Oshkosh Truck Corp
Diesel Progress North American Edition, June, 2004
Oshkosh Truck Corp. has agreed to acquire 100% of the stock of Jerr-Dan Corp., a leading manufacturer of towing and recovery equipment, from an affiliate of Littlejohn & Co for $80 million. Jerr-Dan, headquartered in Greencastle, Penn., had annual sales of more than $l00 million in 2003. The acquisition strengthens Oshkosh's position as a leading specialty truck and truck body manufacturer.
Jerr-Dan sells a complete product line to towing services and salvage companies including light-, medium- and heavy-duty wreckers.
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