New Flyer Industries Inc., the largest transit bus and motor coach manufacturer and parts distributor in North America, has taken over Carlson Engineered Composites Inc. and the assets of its US affiliated companies, a privately-owned composites company, headquartered in Winnipeg, Manitoba for USD $13 million.
Carlson manufactures fiberglass reinforced polymer (FRP) components primarily for original equipment manufacturers (OEMs) of transportation vehicles and agricultural equipment. In 2016 the sales revenue exceeded USD $38 million. Carlson has three production facilities totaling 235,000 square feet and located in Winnipeg, MB; St Cloud, MN, and Anniston, AL.
David White, New Flyer Group’s Executive Vice President, Supply Management, said, “The acquisition of Carlson will allow us to control of one of the more critical commodities in our manufacturing supply chain. We can explore sharing best practices in composite part manufacturing, optimizing processes, and pursuing new technologies.”
“This acquisition follows on the very successful repatriation and in-sourcing of various metal part fabrication, machining and painting operations across the Company to control quality, improve delivery performance and reduce costs for our bus manufacturing operations. Carlson’s U.S. facilities will also contribute to the Company complying with the increasing U.S. content requirements”, added, David White.
Neil Carlson, Founder, and Chairman of Carlson Engineered Composites Inc. commented, “We are very proud to have become a leader in providing complex fiberglass components to transit buses.We have admired New Flyer and followed their growth into the US with Carlson facilities dedicated to supporting their operations. Joining the New Flyer family is the next logical step to support further growth and explore new technologies.”
New Flyer Industries Inc., with fabrication, manufacturing, distribution and service centers in Canada and the United States, operates North America’s most comprehensive aftermarket parts organization providing support for all types of transit buses and motor coaches.