Supreme Industries Plans To Divest Shuttle-Bus Business

(RTTNews) - Supreme Industries Inc. (STS), a manufacturer of specialized commercial vehicles, said Tuesday that it intends to divest its shuttle-bus business.

Supreme said that its core business of manufacturing and selling customized truck bodies has recently undergone successful facilities and manufacturing upgrades resulting in enhanced operating efficiencies and margins for these products.

Shuttle bus products currently represent less than 12% of the company's consolidated sales and had a materially adverse impact on consolidated earnings in 2013, the company said. The divestiture is intended to further expand profit margins on a consolidated basis.