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Federal Signal to Explore Sale, "Strategic Alternatives" of E-One
From a Federal Signal Press Release Wednesday:
"Under Peter Guile's leadership, the E-ONE dealer organization has been expanded and energized, and after several difficult quarters, we are again building backlog. Domestic orders rose 5% in the fourth quarter at E-ONE, while our largest competitors have reported soft markets and significant reductions in their backlogs. While we are encouraged by this recent momentum, we are less confident the business will achieve acceptable performance within our timeframe. Consequently, we have hired a banker to evaluate strategic alternatives for E-ONE. We are currently in discussion with prospective buyers, as we work to determine the best of these strategic alternatives."
Read the Full Story Here
"Under Peter Guile's leadership, the E-ONE dealer organization has been expanded and energized, and after several difficult quarters, we are again building backlog. Domestic orders rose 5% in the fourth quarter at E-ONE, while our largest competitors have reported soft markets and significant reductions in their backlogs. While we are encouraged by this recent momentum, we are less confident the business will achieve acceptable performance within our timeframe. Consequently, we have hired a banker to evaluate strategic alternatives for E-ONE. We are currently in discussion with prospective buyers, as we work to determine the best of these strategic alternatives."
Read the Full Story Here
Replies to This Discussion
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Permalink Reply by Chris Hayden on
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Every truck has it's problems. E-One and American LaFrance have both made excellent trucks. Both have been around too long to argue otherwise. This argument is just as pointless as the Chevy Vs. Ford. Both have pros and cons but NO ONE can possibly stay around as long as these companies if all they sell is junk. In my opinion the problem with all trucks currently under production is the amount of electronics onboard. I am not one of those who dislikes change or progressiveness but they simply are not as reliable as the trucks from just a few years ago. Anyway, just my opinion. And yes, I have made numerous fires with these two as well as several other "brands" of trucks.
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