Canada-based heavy-equipment sales company Maxim Truck & Trailer has acquired a majority interest in fellow Canadian live bottom and moving floor manufacturer, Trout River Industries.
To oversee its two trailer manufacturing businesses, Trout River and Arne's Welding, Maxim has created a new company, Manco Manufacturing, headed by André Granger.
“The role of Manco is to leverage our combined manufacturing expertise to innovate and deliver more products and technologies to our customer base in an ever evolving marketplace,” said Granger.
“We also want to expand our distribution to deliver these products across the globe.”
“I’m excited at the opportunity of marrying a manufacturer like Trout River in the East who make the best live bottom trailers with a manufacturer like Arne’s Welding in the West, who make the best steel dump and lowbed trailers,” said Doug Harvey, President of Maxim Truck & Trailer.
“The deal brings together products, geographic efficiencies and most importantly people. “It is my experience that great people make great products.”
According to Maxim, Darrin Mitchell and Harvey Stewart will continue to manage Trout River’s operations out of its current facility and will continue to be shareholders of the company.
“From the formation of Trout River Industries in 1999, I’ve had great partners,” said Stewart. “I believe today’s announcement represents an unbelievable partnership that’s going to take us to the next level.”