2022-06-13 | NYSE: OSK | Press release


Acquisition strengthens strategy growth opportunities in the Canadian fire apparatus market.

Oshkosh Corporation (NYSE: OSK), a leader in the innovation of critical vehicles and essential equipment, today announced that it has completed the acquisition of Maxi-Métal Inc. (MAXIMETAL) of Saint- Georges de Beauce, Quebec, Canada. MAXIMETAL is a leader in the design and manufacture of custom fire apparatus and utility vehicles in the Canadian market and will be part of Oshkosh’s Fire & Emergency segment.

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Maxi-Métal Inc., a leader in the manufacture of custom fire apparatus in the Canadian market, will join the Fire & Emergency segment of Oshkosh Corporation. (Photo: BusinessWire)

“MAXIMETAL is an organization renowned for its quality, reliability and primary focus on customer service and support,” said John C. Pfeifer, President and CEO of Oshkosh Corporation. “Their culture and customer focus mesh exceptionally well with Oshkosh, Pierce Manufacturing and their dealer network.

“This acquisition will enhance the combined strengths of Pierce and MAXIMETAL by expanding collaboration and expanding sales and distribution capabilities within Pierce’s North American dealer network,” said Jim Johnson, executive vice president of Pierce. Oshkosh Corporation and President, Fire & Emergency Segment “Oshkosh expects to benefit from MAXIMETAL’s experience and leadership as the company expands its combined presence in the Canadian market.”

MAXIMETAL has been serving fire and emergency professionals since 1983 and is one of Canada’s leading fire apparatus manufacturers. MAXIMETAL will retain its name, team members, facilities and brand elements.

About Oshkosh Corporation

At Oshkosh (NYSE: OSK), we make innovative, essential gear to help everyday heroes move communities around the world forward. Based in Wisconsin, Oshkosh Corporation employs approximately 15,000 team members worldwide, all united behind a common cause: making a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the JLG®, Pierce®, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™, Oshkosh® Airport Products, London™ and Pratt Miller brands. For more information, visit oshkoshcorp.com.

®, ™ All brand names mentioned in this press release are trademarks of Oshkosh Corporation or its subsidiaries.

About Pierce Manufacturing

Pierce Manufacturing Inc., an Oshkosh Company [NYSE: OSK] company, is North America’s leading manufacturer of custom fire apparatus. Products include custom and commercial pumpers, aerials, rescue trucks, logging trucks, mini pumpers, elliptical tankers, and homeland security devices. Additionally, Pierce designs its own foam systems and was the first company to introduce frontal airbags and the Side Roll Protection system in fire apparatus. To learn more about Pierce, visit www.piercemfg.com.

Forward-looking statements

This press release contains statements that the Company considers to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding future financial condition, business strategy, objectives, anticipated sales, costs, profits, capital expenditures, debt levels and cash flows, and management plans and objectives for future transactions, are forward-looking statements. When used in this press release, words such as “may,” “will,” “expect,” “intent,” “estimate,” “anticipate,” “believe,” “should,” “plan” or “plan” or the negative thereof or variations thereof or similar terminology are generally intended to identify forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the extent of the disruptions supply chain and logistics, particularly as demand rebounds from the COVID-19 pandemic;the impacts of the conflict in Ukraine, including impacts on supply chains, logistics, input costs, capital markets and demand; the company’s ability to raise prices or impose surcharges to increase margins or to offset higher input costs, including increased raw material, labor and freight costs ; the cyclical nature of the Company’s access, commercial and fire and emergency equipment markets, which are particularly impacted by the strength of the US and European economies and construction seasons; the Company’s ability to successfully identify, complete and integrate acquisitions and realize the expected benefits associated therewith; and risks related to the company’s ability to successfully execute its strategic roadmap and achieve its long-term financial objectives. Additional information regarding these and other factors is contained in the company’s filings with the Securities and Exchange Commission, including Form 8-K. All forward-looking statements speak only as of the date of this press release. The Company assumes no obligation and disclaims any obligation to update the information contained in this press release. Investors should be aware that the Company may not update this information until the Company’s next quarterly earnings conference call, if at all.


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