Heil Trailer International No Longer Part of Dover

2012 sees Heil Trailer complete its carve-out from Dover Corporation and sale to American Industrial Partners announced at the beginning of January in the US.

Heil Trailer was founded in Wisconsin in 1901 and is headquartered in Athens, TN.  The Company is a global enterprise with three manufacturing facilities located in North America and facilities in both Thailand and Argentina which address the growing emerging markets of Asia and Latin America.  The Company’s products include liquid, dry-bulk and specialty trailers.   

Concurrent with the transaction close, the Company has appointed Randall Swift as its CEO.  Prior to joining Heil Trailer, Mr. Swift was CEO of Allied Specialty Vehicles, Inc. (“ASV”), a $1 billion sales manufacturer of a diverse range of specially vehicles including ambulances, terminal trucks, fire trucks, school buses, and motorized RV’s, among other products.  ASV is a portfolio company of American Industrial Partners.   In addition, Bob Foster has re-joined Heil Trailer as its Chairman of the Board.  Mr. Foster was President of Heil Trailer for 15 years prior to his retirement in 2006 where he successfully led a number of growth initiatives which more than doubled the size of Heil Trailer and globally diversified the Company. 

Randall Swift, Chief Executive Officer of Heil Trailer, said, "Heil Trailer is one of the longstanding leaders in the marketplace due in large part to the talents of its people.  I look forward to working with each of them to grow and enhance Heil Trailer’s leadership position.”

Bob Foster, Chairman of the Board of Heil Trailer commented “I look forward to continuing to focus the Company on the fundamental elements of what built Heil Trailer into the business it is today – taking care of our customers and manufacturing the highest quality products in the industry.  I am very pleased to be once again part of an independent Heil Trailer.”

“AIP is very excited about the purchase of Heil Trailer” said Danny Davis of American Industrial Partners.  “The Company’s brand is one of the most respected in the industry and it is well positioned for growth globally.  We believe that AIP will be a value-added partner for the Company going forward.”   PetrolWorld Jan2012 Source: Heil