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Announced

Completed

The Shyft Group completed the acquisition of F3 MFG.

Synopsis

The Shyft Group,the North American company in specialty vehicle manufacturing and assembly, completed the acquisition of F3 MFG, an aluminum truck body and accessory manufacturer. Financial terms were not disclosed. “The F3 team has created tremendous momentum in a short amount of time, emphasizing innovation as a key element in its growth strategy and filling market gaps in the interest of meeting customer needs. We thank the management team for their efforts and welcome the full organization to The Shyft Group family. This acquisition dovetails nicely with last year’s Royal Truck Body acquisition, and will provide our expanded national network of dealers, fleet managers, owners and operators the choice of two industry-leading brands and highly complementary product sets, wherever they do business,” Daryl Adams, The Shyft Group President and Chief Executive Officer.

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