Coin Acceptors Inc., a St. Louis-based company, has acquired Riechers Truck Bodies and Equipment Company of Washington.
Riechers manufactures and installs truck bodies for medium to large trucks. In addition, the company distributes auxiliary items, such as lift gates and snow removal equipment.
Terms of the sale were not disclosed.
Riechers was founded in 1934 and primarily builds truck bodies and trailers for the landscaping, construction, agricultural and service industries.
Coin Acceptors Inc. is a 60-year-old company that provides the unattended point-of-sale industry with currency services and refrigerated vending equipment.
Riechers has become a regional leader in the manufacture and installation of customized truck bodies and accessories under the leadership of Gil Mohesky, president of Riechers, who will stay with the company.
“We are honored to become part of the Coin Acceptors group of companies and look forward to continuing to provide our customers with the same high quality and durable truck bodies that have characterized Riechers for 84 years,” Mohesky stated.
Jack Thomas, chairman and chief executive officer of Coin Acceptors, said the acquisition will help to diversify its family holdings.
“We will continue to look for manufacturing companies that have strong track records and add value to our portfolio of companies,” he said.
“We have been extremely impressed with the entire Riechers team, as well as their unique capabilities and impressive product offerings,” said John Fries, vice president of business development for Coin Acceptors. “The Riechers acquisition fits well with Coin Acceptors’ core competencies and our diversification strategy in the manufacturing sector.”