Federal Signal Corp. To Dump Leach
In announcing its fourth quarter 2005 financial results, Federal Signal Corp. said it is “exiting” the refuse truck body business of its Leach unit. Leach is a manufacturer of refuse truck bodies with operations in
Leach Co. was a manufacturer of real loader refuse trucks based in
"Recently we made the decision to exit the Leach refuse truck body business in order to improve operating earnings and allow management teams to focus on our areas of strength. Despite aggressive restructuring efforts in the past two years resulting in some significant operating improvements, we have concluded that shareholder capital and management resources would be better deployed elsewhere,” said Robert D. Welding, president and chief executive officer.