Rush Enterprises, Inc. Announces the Acquisition of Fouts Bros. UD-GMC, Inc.SAN ANTONIO, Texas -- Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of heavy-duty and medium-duty truck dealerships in North America and a John Deere construction equipment dealership in Houston, Texas, today announced that it has acquired Fouts Bros. UD UD - Udine (Friuli Venezia Giulia, Italy) UD - Ugly Duckling (band) UD - Ulcerative Dermatosis UD - Ultimate Disney (website) UD - Ultimate Doom (game) UD - UltraDiagnostics (South Attleboro, MA) UD - Unable to Approve Departure for the Time Specified UD - Unabsorbed Depreciation (accounting/finance) UD - Undead (gaming) UD - Under Development UD - Under Duress UD - Underdark (roleplaying games, Dungeons & Dragons) UD - Underwater Demolition-GMC GMC - General Motors Corporation (automotive) GMC - Geisinger Medical Center (Danville, PA) GMC - General Matters Conference GMC - General Medical Condition GMC - General Medical Council GMC - General Military Course GMC - Generalized Multi-Carrier GMC - Generalized Multi-Code GMC - Generic Model Control GMC - Genetically Modified Crop GMC - Génie Mécanique (baccalauréat en génie mécanique) GMC - George Morris Center (Canada), Inc., a GMC, UD, Hino Hino (hē`nō), city (1990 pop. 165,928), Tokyo Metropolis, E central Honshu, Japan, on the Asa River. A residential suburb of Tokyo and part of the Keihin Industrial Region, Hino produces automobiles and electrical machinery. and Isuzu medium-duty truck dealer in Smyrna, Georgia. This acquisition marks Rush's entrance into the state of Georgia. Rush will operate this dealership as a full-service Rush Medium Duty Truck Center offering medium-duty GMC, UD, Hino and Isuzu trucks, parts, and service. The purchase price for this acquisition was approximately $9.3 million which was paid in cash. In making this announcement, W.M. "Rusty" Rush, President and Chief Executive Officer of Rush Enterprises, Inc. stated, "This acquisition complements our strategy to grow our medium-duty business and enhance our ability to service medium-duty customers with a dedicated staff and broad range of product and service offerings. It further strengthens our contiguous network of distribution across the Southern United States by adding a significant presence in the Atlanta market, one of the largest in the southern corridor. "Fouts Bros. has established a long-standing reputation for customer service in this market. As one of the largest medium-duty stores in Atlanta, their philosophy of doing business is consistent with Rush's overall commitment to excellence. We are proud to add this location and its outstanding staff to our network of Rush Truck Center dealerships." About Rush Enterprises, Inc. Rush Enterprises, Inc. operates the largest network of heavy-duty truck and medium-duty dealerships in North America and a John Deere construction equipment dealership in Houston, Texas. Its operations include a network of over 40 Rush Truck Centers located in Alabama, Arizona, California, Colorado, Florida, Georgia, Oklahoma, New Mexico, Tennessee and Texas. The Company has developed its Rush Truck Centers and its Rush Equipment Center as "one-stop centers" where, at one convenient location, its customers can purchase new or used trucks or construction equipment, purchase insurance products, purchase aftermarket parts and accessories and have service performed by certified technicians. For additional information on Rush Enterprises, Inc., please visit www.rushenterprises.com. |
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