A company headquartered in Houston is adding another Berks County-based truck body manufacturer to its portfolio.
Reading, founded in 1955 in the city for which it's named, will continue to operate as an independent business unit within JBPCO, led by current CEO Brian Nadel and his management team, officials said.
"Enhanced by the resources and industry expertise of JBPCO, Reading will continue its mission of the last 60 years to deliver high quality work truck bodies specialized to meet the vocational needs of our customers," Nadel said. "JBPCO is very supportive of our long-term strategic growth plan, which includes expansion into new geographic markets and development of new, innovative products."
The acquisition includes Reading's 335,000-square-foot manufacturing plant on Hancock Boulevard in southwest Reading and five company-owned equipment and distribution centers.
Those latter facilities, operating as Reading Equipment & Distribution LLC., are located in Bowmansville, Lancaster County; Suffolk, Virginia; Clinton, Maryland; Pontiac, Michigan; and Louisville, Kentucky.
"The Reading brand is well established in the market as a leader in product quality and innovation. It is a natural fit with our portfolio of outstanding commercial vehicles," said John Poindexter, CEO and founder of JBPCO. "Reading's work is the benchmark by which truck bodies and equipment services are measured today. We look forward to supporting the Company's continued strong growth and its commitment to improving the safety and productivity of customers' field personnel."
Terms of the deal were not disclosed.
J.B. Poindexter & Co., Inc. is a privately held manufacturing company, with operating subsidiaries engaged in the production of commercial truck and van bodies, step-vans, funeral coaches, limousines, pickup truck bed enclosures and tonneau covers, precision machined components and expandable foam plastics.
The company also owns Berks County-based Morgan Corporation, which it acquired in 1990, when Morgan's founder and chairman Elton Mountz retired.
Morgan, headquartered in Caernarvon Township, has since expanded to include additional manufacturing plants in Lakeland, Florida, and Riverside, California, as well as service centers in Denver and Atlanta.
It is currently the largest manufacturer of Class 3 to 7 dry freight van bodies and refrigerated truck bodies in the United States, according to the company's website.