Spartan Sells Indiana Plant
Spartan Motors, Inc. has announced the sale of the majority of its Wakarusa, Ind. facility to Forest River, Inc., a Berkshire Hathaway company. This transaction was pursuant to Spartan's announcement on Feb. 14, 2012 that it will relocate the company's Utilimaster operations to Bristol, Ind. from Wakarusa. All terms of the transaction were in line with previously disclosed estimates.
The move to Bristol, 20 miles East of Wakarusa, will consolidate Utilimaster's operations into one facility from its current campus of 16 buildings. Moving into a single plant, combined with lean manufacturing practices, will help enable Utilimaster to improve product quality and manufacturing efficiency by reducing operating costs and eliminating non-value-added steps, Spartan said in announcing the sale.