Paccar Inc.
PACCAR Announces Sale of PACCAR Winch Inc to Black Phoenix Group
Summary
On October 31, 2024, PACCAR Inc announced the sale of 100% of the capital stock of its subsidiary, PACCAR Winch Inc, to a wholly owned subsidiary of Black Phoenix Group. The production of industrial winch, hoist, and drive systems under the BRADEN, CARCO, and Gearmatic brand names will continue under Black Phoenix's ownership.
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About Paccar Inc.
Paccar Inc. is a leading global manufacturer specializing in the design and production of high-quality commercial vehicles. Its primary function is to produce durable trucks under renowned brands such as Kenworth, Peterbilt, and DAF, serving an extensive range of industries including freight, construction, and heavy-duty transportation sectors. Paccar also manufactures an array of diesel engines and provides financial services like leasing, lending, and insurance to support their customers’ business needs. The company plays a crucial role in the commercial vehicle market, known for its commitment to innovation and technological advancement in truck design, fuel efficiency, and safety features. With its headquarters in Bellevue, Washington, Paccar stands as a significant contributor to global logistics and infrastructure, enabling efficient goods movement and supply chain operations worldwide. Moreover, Paccar is involved in aftermarket support and distribution, ensuring comprehensive customer service and parts availability across its network, thus cementing its position as a pivotal player in the commercial transport sector.
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