Novae Corp. acquires H&H Trailers
Markle, Indiana – January 4, 2017 - Novae Corp. has reached an agreement to acquire the assets of H&H Trailers of Clarinda, Iowa. Financial terms of this private transaction are not disclosed.
Headquartered in Markle, Indiana, Novae Corp. is a leading North American manufacturer of Utility, Dump, Equipment and Cargo Trailers marketed under the brand Sure-Trac®, and sold through a network of independent dealers in the United States and Canada. Sure-Trac® Trailers are currently manufactured in 4 plants in the State of Indiana.
H&H Trailer’s plants are all located in Clarinda, Iowa and these plants will continue to operate independently under the Novae Corp. group of companies. Novae Corp. will retain the H&H brand within the merged portfolio.
“The two companies and their brands are well respected in the trailer industry, and together bring a very diverse and valuable range of proven products and services to the dealer base”, said Mark Yde, Director of Business Development for Novae Corp. “The North American dealer networks are highly complementary, and the commitment to growth through innovation, quality and outstanding customer service is common in the cultures within these two organizations”.
Novae Corp. is a privately held company founded in 1995.
Media Contact: Novae Corp. - Shaun Davis (260) 758-9838