Parent company sells Trail King Industries
MITCHELL, S.D. - Carlisle Companies Inc. announced Tuesday it sold Trail King Industries Inc., its specialty trailer business headquartered here.
"We are pleased to have concluded the sale of this non-core business with the resulting gain and sale proceeds," said company executive David A. Roberts.
He added that while Trail King's sales were increasing, the product wasn't aligned with Carlisle's core business.
Trail King has plants in Mitchell and Fargo, N.D. It was founded in Mitchell by the Thomsen family and later was sold to Carlisle.
The company was purchased by CC Industries, which is part of Henry Crown & Co., and is the holding and management company for the Crown family's privately held companies, which includes Great Dane Trailers.
"Trail King is an exceptional company with a long history of excellence," said Bill Crown, president & CEO of CC Industries. "We are delighted to add Trail King to the Crown family's portfolio of transportation equipment companies."
Trail King will continue to operate as a stand-alone entity, CC Industries officials said. Carol Lowe will continue as the company's president.
"Carol Lowe and the entire management team have fostered a culture of continuous improvement while manufacturing the highest quality solutions in the specialized trailer industry," Crown said. "And we are excited about working with them in the future."