GVW Holdings completes sale of subsidiaries

Grand Vehicle Works Holdings Corp has completed its sale of two subsidiaries, Workhorse Custom Chassis LLC and Uptime Parts LLC, to International Truck and Engine Corp.

Plans for the sale were first announced in July. Terms of the cash deal were not disclosed.

GVW Holdings, based in Highland Park IL, will continue to own and operate Autocar LLC, a manufacturer of severe-service vehicles, and UCBC (Union City Body Co), a contract assembler of step van bodies.

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