| McNeilus Announces Sale of 13 New Trucks to Peoria Disposal Company for New City Contract |
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| Release Date: 12/14/2009 |
DODGE CENTER, Minn. (December 14, 2009) – McNeilus Truck and
Manufacturing, Inc., an Oshkosh Corporation company (NYSE:OSK) and
leading manufacturer of refuse truck bodies and concrete mixers, is
proud to announce that Peoria Disposal Company (PDC) has purchased 13
new McNeilus® refuse trucks. PDC purchased the vehicles in response to
the city of Peoria, Ill., awarding the company a five-year contract for
collection of residential garbage, recycling and landscape waste, as
well as garbage and recycling from stacked condos and city buildings.
PDC
added 10 McNeilus rear loaders and three McNeilus front loaders to its
fleet of nearly 80 McNeilus refuse trucks. It has been 40 years since
PDC has had the contract for the city of Peoria, which was awarded
after a nearly unanimous city council vote of 10-1. The contract begins
Jan. 1, 2010.
“Winning this contract is a milestone for our
business,” said Matt Coulter, vice president of solid waste sales and
recycling for PDC. “Our business began in the Peoria area in 1928, but
we haven’t had residential collection services in the city since 1970,
so we’re entering a new era. We are so proud of our employees and are
excited to have the opportunity to service our community.”
Coulter
said PDC has been a McNeilus customer for about 15 years, primarily
because of the dependability of McNeilus trucks. He also said parts
availability and excellent customer service have kept them loyal to
McNeilus for so many years.
“McNeilus and PDC have had a great
relationship over the years, and we are excited about their success in
winning the city of Peoria contract,” said Mike Wuest, Oshkosh
Corporation executive vice president and Commercial Group president.
“McNeilus is happy to do its part to support a locally owned operation.”
The
Peoria contract comes with the addition of a new recycling program,
which will utilize 95-gallon carts collected by McNeilus units.
About McNeilus: McNeilus
Companies, Inc., an Oshkosh Corporation [NYSE: OSK] company, is a
leading manufacturer of refuse truck bodies, concrete mixers and batch
plants. For more information on the company, go to www.mcneiluscompanies.com.
About Oshkosh Corporation:
Oshkosh Corporation is a leading designer, manufacturer and marketer of
a broad range of specialty access equipment, commercial, fire and
emergency and military vehicles and vehicle bodies. Oshkosh Corp.
manufactures, distributes and services products under the brands of
Oshkosh®, JLG®, Pierce®, McNeilus®, Medtec®, Jerr-Dan®, BAI®, Oshkosh Specialty Vehicles, Frontline™, SMIT™, Geesink™, Norba™, Kiggen™, CON-E-CO®, London® and IMT®.
Oshkosh products are valued worldwide in businesses where high quality,
superior performance, rugged reliability and long-term value are
paramount. For more information, go to www.oshkoshcorporation.com.
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
Forward-Looking Statements
This
press release contains statements that the Company believes to be
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements other than
statements of historical fact, including without limitation, statements
regarding the Company’s future financial position, business strategy,
targets, projected sales, costs, earnings, capital expenditures, debt
levels and cash flows, and plans and objectives of management for
future operations, are forward-looking statements. When used in this
press release, words such as “may,” “will,” “expect,” “intend,”
“estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or
the negative thereof or variations thereon or similar terminology are
generally intended to identify forward-looking statements. These
forward-looking statements are not guarantees of future performance and
are subject to risks, uncertainties, assumptions and other factors,
some of which are beyond the Company’s control, which could cause
actual results to differ materially from those expressed or implied by
such forward-looking statements. These factors include the
consequences of financial leverage associated with the JLG acquisition,
including the level of the Company’s borrowing costs, the increased
interest rates the Company would face if it experienced a deterioration
or downgrade in credit agency ratings and the Company’s ability to
maintain compliance with its financial covenants under its credit
agreement; the cyclical nature of the Company’s access equipment,
commercial and fire & emergency markets, especially during a global
recession and credit crisis; the duration of the global recession and
its adverse impact on the Company’s share price, which could lead to
additional impairment charges related to many of the Company’s
intangible assets; the expected level and timing of U.S. Department of
Defense procurement of products and services and funding thereof; risks
related to reductions in government expenditures and the uncertainty of
government contracts; the potential for commodity costs to rise sharply
in a future economic recovery; risks associated with international
operations and sales, including foreign currency fluctuations; the
Company’s ability to close the sale of its Geesink business on its
expected timetable; risks related to the collectability of receivables
during a recession, particularly for those businesses with exposure to
construction markets; and the potential for increased costs relating to
compliance with changes in laws and regulations. Additional
information concerning these and other factors is contained in the
Company’s filings with the Securities and Exchange Commission
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