Truck Body Mounting For DuraMag And Royal Truck Body Now Available At The Shyft Upfit Center In Charlotte, MI

Rhea-AI Summary

The Shyft Group (Nasdaq: SHYF) announced the opening of a new Shyft Upfit Center in Charlotte, Michigan. This center will provide full-service truck body mounting for its Royal Truck Body, DuraMag, and Magnum products, enhancing their offerings in specialty vehicle manufacturing for ecommerce-driven parcel delivery. The company continues to expand its operations after acquiring F3 MFG and Royal Truck Body, consolidating its position as a national service body manufacturer. Sales from continuing operations totaled $757 million in 2019.

Positive

• Opening of a new Shyft Upfit Center in Charlotte, enhancing service body offerings.
• Expansion into full-service truck body mounting for existing product lines.
• Strategic acquisitions of F3 MFG and Royal Truck Body increase market position.

Negative

• None.

CHARLOTTE, Mich., Feb. 9, 2021 /PRNewswire/ -- The Shyft Group (Nasdaq: SHYF) ("Shyft" or the "Company"), North America's leader in specialty vehicle manufacturing, assembly, and upfit for ecommerce-driven parcel delivery, as well as the broader commercial, retail, and service specialty vehicle markets, will now offer full service truck body mounting for its Royal Truck Body,® DuraMag,® and Magnum® products at its new Shyft Upfit Center in Charlotte, Michigan, which will additionally offer a General Motors chassis pool.

"We continue to expand our footprint and grow our truck body and service body products and offerings," said Steve Guillaume, President of Shyft Specialty Vehicles. "Leveraging existing campuses as upfit and distribution centers allows us to better sell and service our full portfolio of work truck bodies across the United States, achieving both national reach and scale."

In October 2020, the Shyft Group acquired F3 MFG Inc., a leading aluminum service body and accessory manufacturer, which joined the Shyft Specialty Vehicles business unit and continues to go to market under the DuraMag and Magnum names. Combined with the September 2019 acquisition of West Coast and Southwestern U.S. steel truck body maker Royal Truck Body, these two companies have further elevated Shyft to a leading position as a national service body manufacturer.

The new Shyft Upfit Center in Charlotte will offer service body mounting for the following body types:

• Royal Truck Service Bodies
• DuraMag Service, Dump, and Flatbed Bodies
• Magnum Accessories

For more information about Royal Truck Body, visit https://royaltruckbody.com, and for DuraMag, visit https://duramagbodies.com.

The Shyft Group
The Shyft Group is the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets. Our customers include first-to-last mile delivery companies across vocations, federal, state, and local government entities; the trades; and utility and infrastructure segments. The Shyft Group is organized into two core business units: Shyft Fleet Vehicles & Services and Shyft Specialty Vehicles. Today, its companies include Utilimaster, Royal Truck Body, DuraMag and Magnum, Strobes-R-Us, Spartan RV Chassis, Builtmore Contract Manufacturing, and corresponding aftermarket provisions. The Shyft Group companies are well known in their respective industries for quality, durability, and first-to-market innovation. The Company employs approximately 3,000 associates across campuses, and operates facilities in Michigan, Indiana, Maine, Pennsylvania, South Carolina, Florida, Missouri, California, Arizona, Texas, and Saltillo, Mexico. The Company reported sales from continuing operations of $757 million in 2019. Learn more about The Shyft Group at www.TheShyftGroup.com.

CONTACT: 
Media:
Samara Hamilton
Vice President, Marketing and Communications
The Shyft Group
Samara.Hamilton@theshyftgroup.com
(517) 997-3860

Sawyer Lipari
Senior Director
Lambert & Co.
slipari@lambert.com
313.309.9551

Investors:
Juris Pagrabs
Group Treasurer, Director of Investor Relations
The Shyft Group
Juris.Pagrabs@theshyftgroup.com
(517) 997-3862

View original content to download multimedia:http://www.prnewswire.com/news-releases/truck-body-mounting-for-duramag-and-royal-truck-body-now-available-at-the-shyft-upfit-center-in-charlotte-mi-301225342.html

SOURCE The Shyft Group

FAQ

What new services are offered by The Shyft Group at the Charlotte Upfit Center?

The Shyft Group now offers full-service truck body mounting for Royal Truck Body, DuraMag, and Magnum products at the Charlotte Upfit Center.

When did The Shyft Group announce the opening of the Upfit Center?

The Shyft Group announced the opening of the Upfit Center on February 9, 2021.

How did acquisitions impact The Shyft Group's business?

Acquisitions of F3 MFG and Royal Truck Body have solidified The Shyft Group's position as a leading national service body manufacturer.

What is The Shyft Group's stock symbol?

The Shyft Group's stock symbol is SHYF.

What were The Shyft Group's sales figures for 2019?

The Shyft Group reported sales from continuing operations of $757 million in 2019.