Enid, OK – (November 19, 2012) – GEFCO, Inc., an Astec Industries Company, announced an agreement to sell its Steco Trailer product line to KNL Holdings, LLC (Peerless). KNL Holdings, LLC (Peerless) is located in Paragould, Arkansas, where Peerless trailers have been manufactured for over 42 years.
Commenting on the sale, Aaron Harmon, President of GEFCO, Inc. remarked, “GEFCO is excited to find a strategic buyer for the product line. KNL Holdings, LLC (Peerless) has a great reputation within the trailer industry and we believe they will do great things with the Steco product line. GEFCO decided to sell the Steco product line so that we could focus our efforts and resources on our drilling rigs and drilling products.”
GEFCO, Inc. is a world leader in the design and manufacture of portable drilling rigs and related equipment for the water well, environmental, groundwater monitoring, construction, mining and shallow oil & gas exploration and production industries.
Headquartered in Enid, Oklahoma for more than 81 years, GEFCO, Inc. has provided rugged and dependable equipment that has been delivered to over 100 countries. Today GEFCO, Inc. maintains its long tradition of providing the highest quality drilling equipment and service available in the marketplace. GEFCO, Inc.continues to focus on meeting the needs and expectations of their customers and the industries that they serve.
For Additional Information Contact:
Aaron Harmon
GEFCO, Inc. President
Phone: 580-234-4141
Email: aharmon@gefco.com
