Wabash National to Purchase Walker Group

Trailer manufacturer Wabash National Corp. said Tuesday it will acquire Walker Group Holdings for $360 million.

Walker Group Holdings, which makes liquid-transportation systems and engineered products, generated revenue of $344 million in fiscal year 2011, Wabash said. Its products are sold under a variety of brand names, including Walker Transport, Brenner Tank, Garsite, Progress Tank, Tri State Tank and Bulk Tank International.

Wabash said it expects the acquisition to be “immediately accretive” to its net income. The deal is expected to close in the second quarter, subject to regulatory approval, the company said.