Utility: Family Matters

From the August 2015 issue.

Utility is a classic family-owned entity, but it also is multi-million dollar company reaching out for global business success.

Family businesses are an important cornerstone of any economy, but often associated with the small and medium-size market segment. Few people know that some of the largest enterprises in the world– including US icon Ford and retail giant Wal-Mart – are also family-led.

Although no statistics are complete enough to map the presence of family businesses throughout the world, many studies have confirmed the importance of them for the global marketplace, which is especially true for the USA, where one third of all companies in the S&P 5002 index are family-owned.

While it is not publically traded and therefore not listed in the prestigious S&P directory, Utility Trailer Manufacturing Company is a regarded fellow of the ‘big business’ club – and nothing like the old mid-sized firm you would expect when talking about a family business. Expecting strong sales in 2013, Utility is a company on the move, fully aware that to survive in a fast-evolving business landscape, it has to out-innovate the competition and seek new avenues of growth, such as expanding to booming Latin America. 

Specialised in the design and manufacture of refrigerated transport equipment, Utility’s portfolio also comprises the full range of dry freight vans, flatbeds and curtain-sided trailers, which keep adding to the brand’s success across the US and beyond. Altogether, Utility’s five manufacturing sites in North America produced 37,719 units in 2012, helping it cement third position in the US trailing equipment market.

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