Federal Signal to Sell Parts of Leach
Posted on June 1, 2006
Federal Signal Corp. said it has entered into a definitive agreement with Labrie Equipment Ltd. for the sale of certain Leach refuse truck body business assets. Labrie is a privately-held manufacturer of refuse truck bodies based in Saint-Nicolas, Quebec. The sale includes the intellectual property of the Leach refuse business as well as specified inventories and equipment. Labrie will also assume responsibility for Leach's Appleton, Wis., l. The transaction does not include the Federal Signal’s Medicine Hat, Alberta, refuse truck manufacturing facility or the Federal Signal (Shanghai) refuse joint venture. The agreement is expected to close in late July 2006.