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Supreme Industries Is Selling Shuttle Business

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January 2, 2014 by   Leave a Comment

Supreme Industries Inc. in Goshen, Ind., announced that it is selling its shuttle bus business, according to a report in the South Bend Tribune.

“As a proportion of revenue mix, bus products have represented a declining percentage of our sales and shuttle buses, in particular, have failed to meet profitability objectives,” said Mark Weber, president and CEO, in a press release.

According to the company’s release, shuttle bus products currently represent less than 12% of the company’s consolidated sales and had a materially adverse impact on consolidated earnings in 2013.

Weber said Supreme remains committed to the trolley business. “Furthermore, to avoid disruptions for our shuttle-bus customers, we plan to assist the future owners with a swift and orderly transition.”

The company did not say if any employees’ jobs would be affected.

Several phone calls to Supreme’s corporate office in Goshen Tuesday were not returned to The Tribune.

Mark Brinson, Goshen community development director, said he was told by a company official that Supreme planned to keep the shuttle bus business running while it searched for a buyer. Brinson is hopeful the business can remain in Elkhart County.

For the full story click here.

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