NOVI, Mich., July 25, 2024 /PRNewswire/ — The Shyft Group, Inc. (NASDAQ: SHYF), the North American chief in uniqueness automobile production, meeting, and upfit for the economic, retail, and repair markets, lately introduced it received Sovereign Truck Upfitters (ITU), a well-known provider frame and paintings truck upfitter primarily based within the Midwest.
“We are thrilled to welcome ITU to the Shyft Group family. ITU’s unique products and capabilities are a fantastic complement to our existing portfolio, allowing us to offer even greater value to our collective customers,” mentioned John Dunn, President and CEO of the Shyft Workforce. “We look forward to working with ITU’s team members, customers, and suppliers as we accelerate our growth and strengthen our market position.”
The ITU acquisition aligns with Shyft’s Distinctiveness Automobiles infrastructure centered expansion technique. ITU serves use, development, and fleet control corporations with customized answers, together with our bodies, crane applications, liftgates, and aftermarket equipment for industrial paintings vehicles. That specialize in better automobiles and complicated provider frame upfitting, ITU permits Shyft to go into unused markets and seize a better percentage of upper class-sized merchandise.
“We are excited to join the Shyft Group family,” mentioned Tim Craft, CEO of ITU. “Shyft’s commitment to operational excellence and customer focus aligns well with ITU. We look forward to the opportunities this acquisition will bring for our customers and team members.”
About The Shyft Workforce
The Shyft Workforce is the North American chief in uniqueness automobile production, meeting, and upfit for the economic, retail, and repair markets. Our consumers come with first-to-last mile supply corporations throughout vocations, federal, environment, and native executive entities; the trades; and use and infrastructure branchs. The Shyft Workforce is arranged into two core industry devices: Shyft Fleet Automobiles and Products and services™ and Shyft Distinctiveness Automobiles™. Nowadays, its society of manufacturers come with Blue Arc™ EV Answers, Utilimaster®, Royal® Truck Frame, DuraMag® and Magnum®, Strobes-R-Us™, Spartan® RV Chassis, Purple Diamond™ Aftermarket Answers, and Builtmore Agreement Production™. The Shyft Workforce and its go-to-market manufacturers are widely known of their respective industries for attribute, sturdiness, and first-to-market innovation. The Corporate employs roughly 3,000 workers and contractors throughout campuses, and operates amenities in Arizona, California, Florida, Indiana, Maine, Michigan, Missouri, Pennsylvania, Tennessee, Texas, and Saltillo, Mexico. The Corporate reported gross sales of $872 million in 2023. Be informed extra at TheShyftGroup.com.
About ITU
Sovereign Truck Upfitters (ITU) is a well-known paintings truck and kit upfitter primarily based within the Midwest. Serving use, development, and fleet control corporations, ITU supplies customized upfit answers, together with our bodies, crane applications, liftgates, and aftermarket equipment for industrial paintings vehicles. ITU operates out of 3 places in Iowa, Michigan, and Missouri.
CONTACTS
Media:
Sydney Machesky
Director, Company Communications
The Shyft Workforce
[email protected]
586.413.4112
Traders:
Randy Wilson
Vice President, Investor Family members and Treasury
The Shyft Workforce
[email protected]
248.727.3755
SOURCE The Shyft Workforce, Inc.
