Elkhart IN-based Impact Trailers was founded in 2017 and closed manufacturing operations in April 2019, when Formula purchased its assets, the company said.
Formula, which began production in July 2018 under the leadership of Jeff Troyer, company president, is experiencing rapid growth, and Troyer brought in Impact’s founders, Brad Bell and Dwight Barnes, to bolster the sales of Formula/Impact trailers and add their products to Formula’s offerings.
“Brad and Dwight have done an excellent job with Impact and I am excited to add them to our outstanding team,” Troyer said. “Along with Brent Sheehan’s experience and knowledge, we feel we have the best team in the business.
“We are looking forward to adding the Impact name to our business and building the best-quality race and cargo products in the industry.”
Additionally, Impact dealers now will have wholesale and retail financing available to their dealerships, Formula said.
Formula Trailers operates in a 110,000-square-foot facility, which it said will accommodate Impact Trailers and provide plenty of space to grow both brands. Formula currently produces steel- and aluminum-enclosed and open-cargo trailers, car haulers and snowmobile trailers. Formula will continue to manufacture trailers under the Formula brand name, while building dealer partnerships with a second product offering.
Impact cargo trailer models Tremor and Shockwave will continue to be built with the features and value dealers and customers expect, Formula maintained.