Heil Trailer International proudly announced today the finalization of its carve-out deal from Dover Corporation (DOV) and purchase by American Industrial Partners. The world leader in the manufacture of engineered tank and specialty trailers used in a wide range of oil and gas infrastructure was started in Wisconsin back in 1901 and has its main offices at Athens, Tennessee.
The company is made up of three manufacturing locations in North America and working facilities in Thailand and Argentina which serves the demand in Asia and Latin America. Randall Swift, Heil Trailer CEO said that the company maintains its undisputed leadership in the market primarily due to the talents of its people.
Dover Corporation, priced at $59.05 is slowly recovering from a 40% drop that followed the all-time high of $69.19, recorded in summer 2011. $60 is the closest resistance level for the stock.