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Benzinga
Benzinga
Business
Akanksha Bakshi

Federal Signal Completes Acquisition of Deist Industries

  • Federal Signal Corp (NYSE:FSS) completed the acquisition of Deist Industries, Inc., Bucks Fabricating, LLC, Roll-Off Parts, LLC, and Switch-N-Go, LLC, all located in Pennsylvania. Financial terms were not disclosed.
  • Deist designs, manufacture, and sells interchangeable truck body systems for class 3-7 vehicles in the work truck industry and a full line of waste hauling products.
  • "We are thrilled to complete the Deist acquisition, which not only represents another attractive product line extension but also expands our presence in certain end-markets such as landscaping and waste hauling," commented CEO Jennifer L. Sherman.
  • The company held cash and cash equivalents of $88 million as of September 30, 2021.
  • Price Action: FSS shares closed lower by 0.97% at $42.87 on Thursday.
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