Transcraft to Expand Operations and Add Jobs in Kentucky

Tue Apr 24, 2012 4:00pm EDT

* Reuters is not responsible for the content in this press release.

  CADIZ, KY, Apr 24 (Marketwire) -- 
Transcraft, a subsidiary of Wabash National Corporation (NYSE: WNC) and a
leading producer of platform trailers, together with Kentucky Governor
Steve Beshear, today announced the expansion of its Trigg County
operations in Cadiz, Ky. 

    The company's growth plan includes building a 12,000-sq.-ft. facility
with the latest technology in painting equipment plus adding 80 new jobs
through a total capital investment of approximately $3 million to
accommodate rising demand for flatbed and drop deck trailers.

    "Transcraft is excited to embark on the next step of dynamic growth in
Cadiz. Even with a state-of-the-art manufacturing facility and a
dedicated workforce ready to meet current demand, it is necessary to
increase capacity by adding new equipment and expanding our team to
capitalize on a bright future," said Rick Klein, general manager,
Transcraft Corporation.

    To encourage the investment and job growth, the Kentucky Economic
Development Finance Authority approved tax incentives up to $2 million
through the Kentucky Business Investment program. Cadiz-Trigg County
Economic Development Commission has also actively supported Transcraft's
growth through infrastructure investments and incentives. 

    "I couldn't be more pleased that the Commonwealth is partnering with
Transcraft to make this investment possible and bring new jobs to Cadiz,"
Gov. Beshear said. "Transcraft is a long-standing and well-respected
corporate citizen, and this expansion is a milestone on its long road of
success here in Kentucky." 

    "Transcraft is an integral part of the Wabash National family," said Dick
Giromini, president and CEO, Wabash National Corporation. "With leading
brands and expertise in designing, producing and distributing platform
trailers, both Transcraft and Benson have a loyal following. We
appreciate the support from the Commonwealth of Kentucky, the leadership
of Trigg County and the commitment from the fine folks in Cadiz as we
expand to meet evolving customer needs."

    According to Americas Commercial Transportation Research Company (ACT
Research), sustained high demand for platform trailers is forecasted for
the next five years.

    "Wabash National is investing in a foundation for growth at the Cadiz
facility for both platform trailer manufacturing and other emerging
opportunities," said Brent Yeagy, vice president and general manager,
commercial trailer products, Wabash National Corporation. 

    About Transcraft 
 Transcraft(R) Corporation, a wholly-owned subsidiary
of Wabash National(R) Corporation (NYSE: WNC), is one of the leading
manufacturers of platform trailers in North America. Established in 1962,
Transcraft offers a wide range of flatbed and drop deck trailer models
sold under the Transcraft Eagle(R) and Benson(TM) brand names to meet the
needs of the commercial vehicle and construction industries. Transcraft
operates a state-of-the-art manufacturing facility in Cadiz, Ky. To learn
more, visit www.transcraft.com. 

    

Media Contact: 
Celeste Stanley
(765) 771-5569 office
(317) 626-8896 cell 
celeste.stanley@wabashnational.com 

Copyright 2012, Marketwire, All rights reserved.

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