HUTCHINSON, Kan., Sept. 18 /PRNewswire/ -- Collins Industries, a leading manufacturer of specialty vehicles in the United States, announced today the closing of the Mid Bus, Inc. production facility in Bluffton, Ohio. Company officials plan to move the Mid Bus production to their main facility in South Hutchinson, Kansas by November 9, 2007.
"The closure of the Mid Bus production facility in Bluffton, Ohio was certainly a difficult decision. Since the purchase of this company in 1998, we have enjoyed a good relationship with our employees and the community. However, with underutilized manufacturing capacity in our Kansas plant, coupled with recent manufacturing initiatives, we concluded that we could absorb excess volume and alleviate costly duplication of resources through moving the Mid Bus product line to Collins Bus Corporation in South Hutchinson, Kansas," stated Randall Swift, President/CEO of Collins Industries, Inc.
Company officials met with affected employees in the Bluffton, Ohio plant yesterday to announce the impending closure and to explain the intention of providing affected employees first consideration of any employment opportunities for which they are qualified at Collins Bus Corporation.
"As the leading manufacturer of Type-A buses in North America, it is incumbent upon us to continue to look for ways to provide our dealers and customers with the safest and best quality buses in the industry. Over the last nine months, we have made a substantial investment in our Kansas operation, which will allow us to increase our production capacity at the Collins Bus Corporation facility to over 4,000 units annually. We believe these types of changes will allow us to not only sustain our leading position in the Type-A market, but expand our market share and customer base in the coming years," stated Kent Tyler, President of Collins Bus Corporation.
Collins Industries, Inc., a subsidiary of BNS Holding, Inc. (OTC: BNSSA), is a leading manufacturer of ambulances (including medical attack vehicles, rescue vehicles and fire emergency vehicles), North America's largest producer of Type "A" small school buses, the nation's second largest manufacturer of terminal trucks and a leader in the road construction and industrial sweeper markets. Since 1971, the Company has grown to approximately 1000 employees in six plants comprising over one million combined square feet of manufacturing space. The Company sells its products throughout the United States and abroad.
This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of assumptions, risks and uncertainties that could cause the actual results of the Company to differ materially from those matters expressed in or implied by such forward-looking statements. They involve known and unknown risks, uncertainties, and other factors, which are in some cases beyond the control of the Company. Additional information regarding these risk factors and uncertainties is described more fully in the Company's SEC filings. A copy of all SEC filings may be obtained from the SEC's EDGAR web site, http://www.sec.gov, or by contacting the company at (401) 848-6300. BNS does not currently maintain a web site.
|SOURCE Collins Industries, Inc.|
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