Transaction Brings Together Two Industry Leaders, Strengthening National Dealer Network and Expanding Novae’s Aluminum Product Offering

Novae^®, a leading manufacturer of open and enclosed cargo trailers and truck bodies in North America, has acquired Aluma to further strengthen its portfolio of industry-leading brands distributed through dealer partners. Since its founding in 1992, Aluma has established itself as an industry leader in aluminum trailers and is now poised to further strengthen its open product line and expand its offering of enclosed cargo trailers and truck bodies.

The union aligns with Novae’s strategy for sustained growth and innovation in a rapidly evolving industry. “This partnership reinforces our long-term commitment to offer high-quality trailers and equipment for our dealers and customers,” said Novae CEO, Manish Bhandari. “The Aluma team has built an amazing reputation in the industry as a pioneer and leader in aluminum trailers. Together, we will provide a full portfolio of aluminum and steel trailers with a focus on new and innovative products, manufactured and distributed across the entire North American footprint.”

“Joining forces with Novae is a strategic milestone for our company and for the dealers who have trusted us for so many years,” said Mike Lloyd, CEO of Aluma Trailers since 2000. “Aluma and Novae share the same values: to continually grow our people and maintain ease of doing business for our partners. We’re customer-centric, quality-minded companies, which makes this a natural fit.” Aluma will continue to be led by Mike Lloyd and the current management team, headquartered in Bancroft, IA.

This strategic move aims to expand Novae’s product portfolio, strengthen its manufacturing capabilities, provide new opportunities for its dealer partners, and solidify its leadership position in steel and aluminum trailers and truck bodies for continued long-term success.

About Novae^®

Headquartered in Markle, IN, Novae is a leading trailer manufacturer in North America, operating distinct trailer brands including Sure-Trac^®, H&H Trailers^®, CAM Superline^®, Midsota^®, Pace American^®, Formula, and LOOK^®. Founded in 1995, Novae is the leading manufacturer in open and enclosed trailers and truck bodies in North America, with over 1,000 employees and more than 20 manufacturing facilities. Novae maintains an active dealer network of over 1,000 partners. Visit https://www.novae.com to learn more.

About Aluma

Aluma Trailers is a leading manufacturer of aluminum utility, recreational, and commercial trailers, known for its long-standing commitment to quality, durability, and dependable performance. With a focus on lightweight aluminum construction, Aluma designs and builds trailers and truck bodies that deliver strength, corrosion resistance, and long-term value for dealers and customers. The company emphasizes practical innovation, consistent manufacturing standards, and strong relationships across its dealer network. For more information, visit https://alumaklm.com.

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Novae®, one of the fastest-growing manufacturers of open and enclosed cargo trailers and truck bodies in North America, has acquired Aluma to further strengthen its portfolio of industry-leading brands distributed through dealer partners.