Hines Corporation Expands with Acquisition of Crane Carrier Company

Custom chassis manufacturer will complement work of Hines-owned Kimble Manufacturing.
Posted June 3, 2013

SPRING LAKE, Mich., June 3 2013 - Hines Corporation of Spring Lake, MI today announced its acquisition of Oklahoma-based Crane Carrier Company, a top manufacturer of custom-built, heavy-duty diesel, CNG and hybrid truck chassis.

The purchase of Crane adheres closely to the Hines Corporation vision of bolstering existing business potential and fostering new growth for each of its companies.

Crane will operate autonomously under its existing name at its Tulsa facility, where it engineers, manuafactures and distributes chassis for mobile drill rigs, refuse collection, well service and other specialty applications. Hines will provide hands-on strategic and operational support to promote Crane's continued growth.

Crane complements the operations of Hines-held, New Philadelphia, OH based Kimble Manufacturing Company, a maker of concrete mixer trucks and custom chassis for the mining, utility and energy sectors. While still functioning independently, each company will capitalize on the other's strengths, including geography, best practices, and Crane's network of over 47 dealers and a combined 175 independent sales and service locations in the United States and Canada.

The acquisition of Crane will raise Hines' current number of operating companies to seven, collectively employing over 700 people.

About Hines Corporation

Hines Corporation is a family owned industrial company, based in Spring Lake, MI since its establishment in 1985. It holds a diverse set of North American manufacturing companies serving commercial and industrial markets. For more information on Hines Corporation and its family of companies, visit www.hinescorp.com.