Wabash National Corp was incorporated in Delaware in 1991 and is the successor by merger to a Maryland corporation organized in 1985. The Company is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. It designs, manufactures and markets products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions and specialty food grade and pharmaceutical equipment. The Company manages its business in three segments: Commercial Trailer Products, Diversified Products and Retail. The Commercial Trailer Products segment manufactures standard and customized van and platform trailers. It introduced its proprietary composite product, DuraPlate, in 1996. It is also a competitive producer of refrigerated trailer products as well as other specialty products, including converter dollies. Through its Transcraft subsidiary it also manufactures steel and aluminum flatbed and dropdeck trailers. Through its Commercial Trailer Products segment, it also operates a wood flooring production facility that manufactures laminated hard wood oak products for its van trailer products. Commercial Trailer Products' transportation equipment is marketed under the Wabash, DuraPlate, DuraPlateHD, DuraPlate XD-35, ArcticLite, RoadRailer, Transcraft and Benson trademarks directly to customers, through independent dealers and through Company-owned retail branch network. The Diversified Products segment is comprised of four strategic business units: Tank Trailer, Aviation & Truck Equipment, Process Systems and Composites. The Tank Trailer business sells products through several brands including Walker Transport, Brenner Tank, Bulk International and Beall Trailers. These brands includes a line of stainless steel and aluminum tank trailers for the North American chemical, dairy, food and beverage, and petroleum and energy services markets. Offerings related to its Process Systems business include brands such as Walker Engineered Products and Extract Technology and represent what it estimates to be in isolators, stationary silos and downflow booths for the chemical, dairy, food and beverage, pharmaceutical and nuclear markets. The Aviation & Truck Equipment business is a manufacturer of truck-mounted tanks used in the aviation, refined fuel, heating oil, propane and liquid waste industries with products offered under the Garsite and Progress Tank brands. Its Composites business includes offerings under its DuraPlate composite panel technology, which contains properties of strength and durability that can be utilized in numerous applications in addition to truck trailers and truck bodies. The Diversified Products segment has leveraged DuraPlate panel technology to develop numerous proprietary products, including the DuraPlate AeroSkirt, an aerodynamic solution for over-the-road trailers that provides approximately 6% improvement in fuel economy, as well as a line of foldable portable storage containers. The Composites business has developed a line of aerodynamic solutions designed to improve overall trailer aerodynamics and fuel economy, notably the AeroSkirt CX, Ventix DRS and AeroFin. In addition, it utilizes DuraPlate technology in the production of truck bodies, overhead doors and other industrial applications. These DuraPlate composite products are sold to original equipment manufacturers and aftermarket customers. The Retail segment includes 15 Company-owned retail branch locations, which are strategically located near large metropolitan areas to provide additional opportunities to distribute the products, diversify factory direct sales and also offer services and support capabilities for customers. Additionally, this segment includes 9 on-site service locations.
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