PRZOOM - /newswire/ -
Winnipeg, Manitoba, Canada, 2011/05/03 - New Flyer Industries, Inc. (TSX:NFI.UN) announced that New Flyer Industries Canada ULC, its Canadian operating subsidiary, has appointed A. Girardin Inc. of Drummondville, Quebec, exclusive distributor. TSX: NFI.DB.U
New Flyer Industries, Inc. (TSX:NFI.UN) (“New Flyer” or the “Company”), the leading manufacturer of heavy-duty transit buses in Canada and the United States, is pleased to announce that New Flyer Industries Canada ULC, its Canadian operating subsidiary, has appointed A. Girardin Inc. of Drummondville, Quebec, as the exclusive distributor of New Flyer buses in the Province of Quebec.
“Girardin is a great company with a long history of manufacturing and distributing high-quality products, and has values and customer service principles similar to those of New Flyer” said Paul Soubry, New Flyer’s President and Chief Executive Officer. “This agreement allows New Flyer to sell and support our products, particularly our state-of-the-art Xcelsior model, to customers that we may not have been able to reach in the past.”
Girardin, a manufacturer of school and shuttle buses and distributor for several other brands of medium-duty buses, has also been appointed as New Flyer’s exclusive distributor of transit buses to a range of private bus operators across Canada.
New Flyer, headquartered in Winnipeg, has been delivering buses to Canadian customers since 1930. This agreement allows New Flyer to maintain the strong relationships directly with its existing Canadian transit customers, while allowing Girardin to introduce New Flyer to a new group of customers. Soubry went on to say,“The agreement goes beyond selling buses and also encompasses Girardin providing spare parts, training, publications and other services to those customers.”
In turn, the addition of New Flyer buses to Girardin’s line of products, which currently includes smaller Girardin minibuses and Blue Bird school and shuttle buses, will permit Girardin to offer a more comprehensive product portfolio to its customers.
“We are very pleased to be associated with New Flyer,” said Dave Girardin, President of A. Girardin Inc. “This agreement will now allow us to offer the most complete line of high-end transit buses. Without a doubt, the addition of New Flyer, and specifically Xcelsior, to our product offering will benefit both our customers and our business.”
About New Flyer
New Flyer is the leading manufacturer of heavy-duty transit buses in Canada and the United States. The Company’s three manufacturing facilities -- in Winnipeg, MB; St. Cloud, MN; and Crookston, MN - are all ISO 9001, ISO 14001 and OHSAS 18001 certified. The Company currently operates three parts distribution centers (PDC) in Winnipeg, MB; Erlanger, KY; and Fresno, CA. A fourth PCD is expected to open in 2011.
During 2010, New Flyer’s footprint expanded in three key locations. Service centers were added in Arnprior, ON and in New York City as part of the Company’s strategic focus on offering “Best Bus Value and Support for Life.” In addition, New Flyer acquired TCB Enterprises, LLC of Elkhart, IN. TCB is now operated as an indirect subsidiary of New Flyer and is a high-quality manufacturer and supplier of transit interior lighting and stanchions.
With a skilled workforce of over 2,000 employees, New Flyer is a technology leader, offering the broadest product line in the industry, including drive systems powered by clean diesel, LNG, CNG and electric trolley as well as energy-efficient diesel-electric hybrid vehicles. All products are supported with an industry-leading, comprehensive parts and service network. The Company’s income deposit securities are traded on the Toronto Stock Exchange under the symbol NFI.UN. Further information is available on New Flyer’s website at newflyer.com.
For more than fifty years, A. Girardin Inc. has been a school bus distributor serving Ontario, Quebec and the Atlantic Provinces and has been the official Blue Bird school bus distributor for 45 years. The Girardin Blue Bird Company also distributes the MB Series Minibuses built by Microbird Corporation. Today, Girardin holds a dominant position in the Quebec school bus marketing as well as one of the leading positions in the commercial and specialized vehicle market.
This press release may contain forward-looking statements relating to expected future events and financial and operating results of New Flyer and New Flyer Industries Canada ULC (“NFI ULC”) that involve risks and uncertainties. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions and economic conditions of and funding availability for transit agencies to purchase buses, parts and services and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at sedar.com. Due to the potential impact of these factors, New Flyer and NFI ULC disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.