OSHKOSH, WI (BUSINESS WIRE) July 9, 2004 -- Oshkosh Truck Corporation (NYSE:OSK - News), a leading manufacturer of specialty trucks and truck bodies, announced today it has completed the acquisition of 100 percent of Jerr-Dan Corporation's stock from an affiliate of Littlejohn & Co.
Jerr-Dan is a leading towing and recovery equipment manufacturer. Oshkosh financed the $80 million deal from available credit facilities.
"This acquisition further diversifies Oshkosh Truck within its fire and emergency market, and we're confident that Jerr-Dan will quickly contribute to our overall performance," said Robert G. Bohn, Oshkosh's chairman, president and chief executive officer.
Oshkosh management expects to provide additional financial details during its earnings conference call on July 27.
About Jerr-Dan Corporation
Jerr-Dan Corporation, headquartered in Greencastle, PA., is a leading manufacturer of superior quality towing and recovery bodies. Over the past three decades, Jerr-Dan has grown into one of the world's leading towing and recovery equipment brands. Its product line, which covers the full range of vehicle towing and recovery applications, is distributed through independent distributors throughout the U.S., Canada, Mexico and Europe. More information about Jerr-Dan is available at www.jerr-dan.com.
About Oshkosh Truck Corporation
Oshkosh Truck Corporation (NYSE:OSK - News) is a leading manufacturer of specialty trucks and truck bodies for the defense, fire and emergency, concrete placement and refuse hauling markets. Oshkosh Truck is a Fortune 1000 company with products marketed under the Oshkosh, Pierce, McNeilus, Medtec, Geesink and Norba brand names. The company is headquartered in Oshkosh, WI., and had annual sales of $1.9 billion in fiscal 2003. To learn more about Oshkosh Truck Corporation, visit its web site at www.oshkoshtruckcorporation.com