MILLER INDUSTRIES INC

MILLER INDUSTRIES INC

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Company Overview
Miller Industries, Inc. is an American company engaged in the manufacture and distribution of vehicle towing and recovery equipment and parts. The company, with headquarters located in Ooltewah, Tennessee, United States, was founded in 1994 by William Miller.
Miller Industries is the world’s leading integrated provider of towing equipment and services. The company, with production plants in the United States (Tennessee, Pennsylvania, and Mississippi) and Europe (France and United Kingdom), manufactures a line of wrecker, car carrier and trailer bodies. It manufactures the bodies of wreckers and car carriers, which are installed on truck chassis manufactured by third parties. Truck chassis are purchased for resale to its customers. Miller Industries’ wreckers range in capacity from 8 to 75 tons, and are characterized as light duty and heavy duty, with wreckers of 16-ton or greater capacity being classified as heavy duty. Its car carriers are specialized flat-bed vehicles with hydraulic tilt mechanisms. The company’s multi-vehicle transport trailers are specialized auto transport trailers with upper and lower decks, and hydraulic ramps for loading vehicles. The trailers are used for moving multiple vehicles for auto auctions, car dealerships, leasing companies, and other applications. Miller Industries sells its products primarily through independent distributors in the United States, Canada, and Mexico, as well as in Europe, the Pacific Rim. The company manufactures and markets its wreckers, car carriers and trailers under 10 separate brand names, including Century, Vulcan, Challenger, Champion, Chevron, Eagle, Titan, Jige and Boniface. The Jige brand is marketed in France while Boniface is marketed in the United Kingdom. Its towing services are marketed under the national brand name “RoadOne”.
Miller Industries, with executive offices in Atlanta, Georgia, is listed on the New York Stock Exchange.
Business Summary
Miller Industries, Inc. (Miller Industries) is a manufacturer of vehicle towing and recovery equipment. The Company has executive offices in Ooltewah, Tennessee, domestic manufacturing operations in Tennessee and Pennsylvania, and foreign manufacturing operations in France and the United Kingdom. Miller Industries manufactures the bodies of wreckers and car carriers, which are installed on truck chassis manufactured by third parties. The Company also manufactures a line of transport trailers. Its products are primarily sold, through independent distributors that serve all 50 states, Canada and Mexico, and other foreign markets, including Europe, the Pacific Rim, the Middle East, South America and Africa. In addition to selling its products to towing operators, the Company’s independent distributors provide parts and service.
Description and history
Miller Industries, Inc. (Miller Industries) is a manufacturer of vehicle towing and recovery equipment. The Company has executive offices in Ooltewah, Tennessee, domestic manufacturing operations in Tennessee and Pennsylvania, and foreign manufacturing operations in France and the United Kingdom. Miller Industries manufactures the bodies of wreckers and car carriers, which are installed on truck chassis manufactured by third parties. The Company also manufactures a line of transport trailers. Its products are primarily sold, through independent distributors that serve all 50 states, Canada and Mexico, and other foreign markets, including Europe, the Pacific Rim, the Middle East, South America and Africa. In addition to selling its products to towing operators, the Company’s independent distributors provide parts and service.

The Company manufactures and markets its wreckers, car carriers and trailers under 10 brand names. Its Century produces wreckers ranging from 8-ton light duty to 75-ton heavy duty models, and car carriers in lengths from 20 to 30 feet. The Company’s Vulcan product line includes a range of light duty and heavy duty wreckers, ranging from 8-ton light duty to 50-ton heavy duty models, and car carriers. Miller Industries Challenger products consist of heavy duty wreckers with capacities ranging from 8 to 75 tons. Its Holmes product line includes wreckers with 8 to 16 ton capacities, a 16-ton rotator and a detachable towing unit (DTU). The Champion brand includes car carriers, which range in length from 19 to 21 feet. Its Chevron product line produces a range of single-car, multi-car and industrial carriers, as well as wreckers ranging from 8-ton to 16-ton models. The Eagle products consist of light duty wreckers with the Eagle Claw hook-up system that allows towing operators to engage a disabled or unattended vehicle without leaving the cab of the tow truck. Its Titan product line includes multi-vehicle transport trailers, which can transport up to eight vehicles depending on configuration. The Jige product line includes light duty and heavy duty wreckers and car carriers marketed primarily in Europe. Its Boniface product line includes heavy duty wreckers marketed primarily in Europe. Boniface produces heavy duty wreckers specializing in the long under lift technology required to tow European tour buses.

Wreckers

The Company’s wreckers range in capacity from 8 to 75 tons, and are classified as either light duty or heavy duty, with wreckers of 16-ton or greater capacity being classified as heavy duty. Light duty wreckers are used to remove vehicles from accident scenes and vehicles illegally parked, abandoned or disabled, and for general recovery. Heavy duty wreckers are used in towing and recovery applications, including overturned tractor trailers, buses, motor homes and other large vehicles.

Car Carriers

Car carriers are specialized flat-bed vehicles with hydraulic tilt mechanisms that enable a towing operator to drive or winch a vehicle onto the bed for transport. Car carriers are used to transport new or disabled vehicles and other equipment and are particularly effective for transporting vehicles or other equipment over longer distances. In addition to transporting vehicles, car carriers may also be used for other purposes, including transportation of industrial equipment.

Transport Trailers

The Company’s multi-vehicle transport trailers are specialized auto transport trailers with upper and lower decks and hydraulic ramps for loading vehicles. These trailers are used for moving multiple vehicles for auto auctions, car dealerships, leasing companies and other similar applications. These trailers transport 6 to 7 vehicles and, with the optional cab rack, can haul up to eight vehicles. The Company also designs, engineers and manufactures special-use transport and trailer products to be used primarily in military applications.

Founded by William Miller

Business Line
Engaged in the manufacture and distribution of vehicle towing and recovery equipment and parts
Subsidiary
407664 BRITISH COLUMBIA LTD.
Advisor
JOSEPH DECOSIMO AND COMPANY, LLP
IPO date
8/1994
US SIC Code
3713
Company Address
Suite 100
8503, Hilltop Drive
City province or state postal code
37363, OOLTEWAH, TN
Phone: +1 423 238 4171
Fax: +1 423 238 5371
Country address: UNITED STATES OF AMERICA
Website url: www.millerind.com