Federal Signal Completes Acquisition of Deist Industries

Federal Signal Corp FSS completed the acquisition of Deist Industries, Inc., Bucks Fabricating, LLC, Roll-Off Parts, LLC, and Switch-N-Go, LLC, all located in Pennsylvania. Financial terms were not disclosed.
Deist designs, manufacture, and sells interchangeable truck body systems for class 3-7 vehicles in the work truck industry and a full line of waste hauling products.
"We are thrilled to complete the Deist acquisition, which not only represents another attractive product line extension but also expands our presence in certain end-markets such as landscaping and waste hauling," commented CEO Jennifer L. Sherman.
The company held cash and cash equivalents of $88 million as of September 30, 2021.
Price Action: FSS shares closed lower by 0.97% at $42.87 on Thursday.