PRIME, Inc. Selects Wabash National Corporation For Three-Year Purchase Agreement
SPRINGFIELD, Mo. (August 3, 2005) – Prime Inc., the largest refrigerated carrier in North America today announced confirmation of a three-year purchase agreement for 3,000 refrigerated vans with Wabash National Corporation (NYSE: WNC).
Per the agreement, which includes an option to expand the total number of units to 5,000 over the next six years, Prime, Inc. will purchase Wabash National’s ArcticLite® trailers. Trailer production is expected to begin in September of 2005.
“We conducted a thorough assessment of leading refrigerated trailer models to identify the best solution for our operation,” said Robert Low, founder and CEO of Prime, Inc. “After much due diligence, we found that Wabash National possesses exceptional refrigerated trailer design and technology. Testing proved that the thermal efficiency of the Wabash National trailer allows Prime to support our customers with the best equipment available.”
“We are pleased with the opportunity to partner with the nation’s largest refrigerated carrier, Prime Inc.” said Bill Greubel, Wabash National President and Chief Executive Officer. “This is a powerful testament to the quality and performance of Wabash National’s refrigerated van line.”
Wabash National Corporation designs, manufactures, and markets standard and customized truck trailers under the Wabash® brand name. The Company is one of the world's largest manufacturers of truck trailers and a leading manufacturer of composite trailers. The Company's wholly owned subsidiary, Wabash National Trailer Centers, is one of the leading retail distributors of new and used trailers and aftermarket parts throughout the U.S. and Canada . Wabash®, Wabash National® and ArcticLite® are marks owned by Wabash National.
Founded in 1970, Prime Inc.’s corporate headquarters are located in Springfield , Missouri . For more information on Prime Inc., visit www.primeinc.com. Professional drivers are encouraged to stop by Prime’s terminal at the intersection of Interstate 44 and Highway 65 in Springfield , Missouri .
