Supreme Industries Pursuing Shuttle Bus Sale

January 11, 2014 by · Comments Off on Supreme Industries Pursuing Shuttle Bus Sale 

If things as planned, 200 jobs will remain in Goshen, Ind., when Supreme Industries sells the shuttle-bus business.

“That’s what we are planning,” Mark Weber, president and CEO of Supreme Industries in Goshen, said. “It’s all going to depend on the buyer. We’ve got a very attractive facility and a skilled work force.”

The South bend Tribune reported that the shuttle bus building is across the street from Supreme’s corporate offices and truck business. There’s even room for expansion on the current shuttle-bus site, Weber said.

“Our process to divest is very active at this point in time,” Weber said this week.

He said the shuttle bus business is a relatively small portion of Supreme’s business, so it might make more sense for a new owner to invest in and grow the operation.

Supreme Industries announced Dec. 31 that it will sell its shuttle-bus business.

The shuttle bus business represents about 12% of Supreme’s sales, the company said, and had a negative effect on its consolidated earnings in 2013.

For the full story click here.

[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]

Supreme Industries Is Selling Shuttle Business

January 2, 2014 by · Comments Off on Supreme Industries Is Selling Shuttle Business 

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.

[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]

Supreme Industries is Adding Hundreds of Jobs

April 18, 2012 by · Comments Off on Supreme Industries is Adding Hundreds of Jobs 

Goshen, Ind.-based Supreme Industries is moving ahead with plans to add hundreds of jobs.

WSBT-TV, South Bend reported that the Goshen City Council granted final approval Tuesday (April 17) to a tax abatement request from Supreme Industries. The company says it expects to hire an additional 350 workers by 2015, while retaining more than 600 positions.

The company is planning to invest around $7 million as part of the expansion project. The new jobs should pay around $17 per hour.

Supreme Industries manufacturers specialized truck bodies, shuttle buses, armored vehicles and trolleys.


[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]