WARRENVILLE, Ill., Dec 07, 2009 (BUSINESS WIRE) -- Navistar International Corporation (NYSE: NAV) today announced it has
acquired Continental Mfg. Company, Inc., the largest privately-held
mixer manufacturer in North America.
"This deal is another example of how Navistar is growing the business by
leveraging what we have and what others have built," said Jack Allen,
president of Navistar's North American truck group. "Adding Continental
gives us another opportunity to provide an integrated, one-stop shop for
our customers and helps expand Navistar's industry-leading portfolio of
purpose-built products."
Continental offers a full line-up of rear discharge mixer products sold
under the CBMW brand and also sells replacement parts for all mixer
makes. Continental will continue to operate independently with
manufacturing operations in Houston. Navistar will also utilize select
International(R) Truck dealers to distribute and service mixers
and mixer parts. Mixers will continue to be sold and mounted on
International brand truck chassis as well as those chassis built by
other OEMs.
"Joining with Navistar will provide our ready-mix customers with
expanded distribution through International's broad network of dealers,"
said Brij Walia, president of Continental Mfg. Company, Inc.
"Continental will continue providing outstanding products and
exceptional service to new and existing customers."
"Continental maintains a strong brand and has consistently demonstrated
product leadership in the construction and ready-mix concrete industry,"
added Allen. "Continental mixers have a solid reputation as some of the
most durable, driver-friendly and fastest operating concrete mixers
available anywhere in the world and we're excited about adding
Continental to the Navistar family of brands."
About Navistar
Navistar International Corporation (NYSE: NAV) is a holding company
whose subsidiaries and affiliates produce International(R)
brand commercial and military trucks, MaxxForce(R) brand diesel
engines, IC Bus(TM) brand school and commercial buses, Monaco RV
brands of recreational vehicles, and Workhorse(R) brand chassis
for motor homes and step vans. It also is a private-label designer and
manufacturer of diesel engines for the pickup truck, van and SUV
markets. The company also provides truck and diesel engine service
parts. Another affiliate offers financing services. Additional
information is available at www.Navistar.com/newsroom.
SOURCE: Navistar International Corporation
Navistar International Corporation
Media contact: Steve Schrier, 630-753-2264
Investor contact: Heather Kos, 630-753-2406
Web site: www.Navistar.com/newsroom
Copyright Business Wire 2009