Court Approves Hendrickson’s Purchase of Dana Units
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Hendrickson will assume control of the Lugoff, S.C., trailer products manufacturing facility in January, it said. Products will be manufactured in Barrie, Ontario, Canada, in the first quarter under the terms of a production supply agreement with Dana.
bankruptcy court has approved components maker Dana Corp. to sell its trailer axle business to Hendrickson USA.
The approximately $38 milion deal was first announced in September. (Click here for previous coverage.)
The U.S. Bankruptcy Court for the Southern District of New York authorized the sale, Hendrickson said.
Hendrickson will assume control of the Lugoff, S.C., trailer products manufacturing facility in January, it said. Products will be manufactured in Barrie, Ontario, Canada, in the first quarter under the terms of a production supply agreement with Dana.Hendrickson, a Boler company, is one of the largest global suppliers of truck and tractor suspensions, trailer suspensions, truck and trailer lift axles, bumpers and trim components and springs to the commercial transportation industry.
