WINNIPEG, May 3 /CNW/ - 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
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 web site at www.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
www.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.
SOURCE New Flyer Industries Inc.
For further information:
New Flyer Industries Inc.
Chief Financial Officer