ABC Companies announces its investment in the small and mid-size bus manufacturing market through its acquisition of the assets of TMC Group, Inc. located in Elkhart, Indiana. The new operating company will be known as Ameritrans Bus, Inc. ABC anticipates investing additional capital in the business to increase production and capacity.
"We believe this investment complements our core transit and motorcoach business and strengthens and diversifies ABC," said ABC President & CEO Dane Cornell. "We look forward to growing the business founder Al Foris and his team have built."
The small and mid-size bus products will continue to be distributed through the loyal dealer network already established by TMC Group, Inc.