J.B. Poindexter & Co., Inc. (JBPCO), a leading manufacturer in the vocational truck industry, announced Monday its acquisition of Reading Truck Body.
Reading Truck Body includes Reading Truck Body, LLC, which has a manufacturing plant in Reading, Penn., as well as five company-owned installation facilities operating as Reading Equipment & Distribution, LLC. It will operate as an independent business unit within JBPCO, led by current CEO Brian Nadel and his management team.
“We are excited to join the JBPCO family and share the benefits of being part of a larger organization with our valued customers, employees and partners,” said Nadel. “Reading Truck Body has enjoyed a long-time collaboration with LLR Partners, GoldPoint Partners and our other shareholders, and is now ready to take the next step in its development.
“Enhanced by the resources and industry expertise of JBPCO, Reading will continue its mission of the last 60 years to deliver high quality work truck bodies specialized to meet the vocational needs of our customers.
“JBPCO is very supportive of our long-term strategic growth plan which includes expansion into new geographic markets and development of new, innovative products.”
John Poindexter, CEO and founder of JBPCO, says the acquisition is a natural fit.
“The Reading brand is well established in the market as a leader in product quality and innovation. It is a natural fit with our portfolio of outstanding commercial vehicles,” Poindexter says.
“Reading’s work is the benchmark by which truck bodies and equipment services are measured today. We look forward to supporting the company’s continued strong growth and its commitment to improving the safety and productivity of customers’ field personnel.”
JBPCO is a privately-held, diversified manufacturing company, with operating subsidiaries engaged in the production of commercial truck and van bodies, step-vans, funeral coaches, limousines, pick-up truck bed enclosures and tonneau covers, precision machined components and expandable foam plastics.
Subsidiaries of JBPCO include: Commercial Babcock, Morgan, Morgan Olson, Leer, Raider, Century Fiberglass, Pace Edwards, State Wide Aluminum, MIC Group, EFP Corporation and TAG Specialty Products.
JBPCO has over 4,000 employees at over 35 facilities from Oregon to Florida and Saskatchewan to Mexico. On its website, the company reports revenue earnings in the range of $750 million.