Dover completes Heil Trailer sale

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Updated Jan 4, 2012

Dover Corp. announced that it has completed the sale of Heil Trailer International to American Industrial Partners. Subject to normal post-closing adjustments, proceeds from the sale are $220 million.

“This transaction marks another step in our strategy of focusing on our growth spaces,” says Bob Livingston, president and chief executive officer of Dover. “While Heil Trailer has strong brand recognition and market position, it did not align with our long-term strategy.”