Wabash National says it intends to sell the Beall brand of tank trailers and associated assets to MAC Trailer Enterprises.
Beall specializes in aluminum tank trailers for the petroleum and dry bulk markets.
“The sale of Beall Tank Trailers represents another tangible step in our work to optimize asset efficiency and focus our growth efforts on markets with scalable opportunities,” said Mike Pettit, senior vice president and chief financial officer. “We plan to reallocate resources to support continued innovation across our product portfolio, as well as strategic growth in parts and services, cold chain and home delivery markets.”
Wabash National acquired certain assets of the tank and trailer business of Beall Corporation in 2013. The Beall business, based in Portland OR, represented approximately $23 million of sales in 2019 and was reported within the company’s Diversified Products Group.
“We remain committed to maintaining a diverse portfolio of solutions that serve customers from first to final mile,” said Kevin Page, senior vice president for customer value creation. “Our Brenner, Bulk, and Walker tank trailer brands are strong in the chemical, petrochemical, and food, dairy and beverage industries, and we intend to continue delivering breakthrough value to customers in these markets.”
The sale is expected to close Dec. 31, Wabash said, and Beall will continue operations under ownership of MAC Trailer.