The acquisition and subsequent merger of the two manufacturers is expected to occur no later than the fourth quarter of 2017.
Trailer maker Wabash National Corp. aims to acquire fellow Indiana-based manufacturer Supreme Industries, which makes truck bodies, in a $21 per share stock offer worth between $342 million and $364 million.
Founded in 1974, Supreme is the second largest U.S. manufacturer of truck bodies, with 2016 sales of $299 million, according to Wabash — primarily building light- and medium-duty truck bodies at seven facilities throughout the U.S.