Canadian manufacturer buys Conway bus company, will make Conway U.S. headquarters | Arkansas Blog

Wednesday, August 2, 2017

Canadian manufacturer buys Conway bus company, will make Conway U.S. headquarters

Posted By on Wed, Aug 2, 2017 at 1:26 PM

click to enlarge The bus industry in Conway has a new owner.
  • The bus industry in Conway has a new owner.
Custom metal products supplier DBG, which is based in Canada and which has acquired Navistar's IC Bus operations in Conway, will make its U.S. headquarters there, the company announced today.

IC Bus fabricates school and shuttle buses and has its roots in Ward Body Works, founded in 1933. Ward Body Works was succeeded in 1980 by AmTran, which was acquired in 1991 by Navistar.

Peter Chapman, formerly of IC Bus and now general manager of DBG Conway, said the company plans to invest and double its business in the next five years. The 200 employees of IC Bus will remain with DBG.

The company received $650,000 in Governor's Quick Action Closing Funds and qualified for the Arkansas Economic Development Commission's Create program rebate, which will provide a 3.9 percent payroll rebate if DGB creates a minimum of $2 million in new payroll annually; the rebate will kick in in two years if the company reaches the threshold. DGB also got Act 9 bond financing to acquire the operations, which means it made a one-time payment to Conway in lieu of property taxes.

In a news release, AEDC Executive Director Mike Preston said he applauded "DBG’s decision to invest in Conway and keep 200 valuable employees working here as the company explores additional growth opportunities.”

Tags: , , ,

From the ArkTimes store

Favorite

Comments (2)

Showing 1-2 of 2

Add a comment

 
Subscribe to this thread:
Showing 1-2 of 2

Add a comment

More by Leslie Newell Peacock

  • Third Friday in Argenta: Artwalking to see Southern landscapes and more

    Works by some of Arkansas's most distinguished artists, including the late Al Allen and Carroll Cloar, along with famed regionalist Thomas Hart Benton make up part of the offerings in "Southern Landscapes," a new exhibition at Greg Thompson Fine Art (429 Main St.) opening with the monthly Third Friday Argenta ArtWalk tonight.
    • Aug 18, 2017
  • 'Sign of the Times': Political posters at CHARTS

    Hendrix College's Dr. Jay Barth will give a talk and sax player Dr. Barry McVinney and pianist Mark Binns will provide the music at tonight's opening of "The Sign of the Times: The Great American Political Poster" in the Windgate Gallery at UA Pulaski Tech's CHARTS (The Center for Humanities and Arts). The event runs from 6 p.m. to 8 p.m.
    • Aug 17, 2017
  • GiGi's opens with soul food and 'old school R and B vibe'

    GiGi’s Soul Cafe and Lounge at 10840 Maumelle Blvd., where the Nashville Rockin Grill was located, opened July 28 and co-owner Darrell Wyrick the restaurant is “bringing back the spirit of some of the places that have gone, like Porter’s and The Afterthought” with its soul food and “old school R and B vibe.”
    • Aug 16, 2017
  • More »

Readers also liked…

  • Jason Rapert vs. Wikipedia

    Sen. Jason Rapert against the world: Wikipedia edition.
    • Jan 23, 2016
  • Is Arkansas in or out on Kobach voter data effort?

    The Washington Post has published a map that counts Arkansas as among states that will "partially comply" with a sweeping request for voter data by the so-called election integrity commission set up by Donald Trump in an effort to cast doubt on Hillary Clinton's 3 million-vote popular defeat of him in 2016.
    • Jul 2, 2017
  • Auditor Lea caught not telling the truth

    State Auditor Andrea Lea, who began her tenure in statewide office with a degree of competence unseen in some other Republican counterparts (think Treasurer Dennis Milligan particularly), is becoming more deeply mired in a political scandal.
    • Mar 4, 2016

Most Shared

  • Take yourself there: Mavis Staples coming to LR for Central High performance

    Gospel and R&B singer and civil rights activist Mavis Staples, who has been inspiring fans with gospel-inflected freedom songs like "I'll Take You There" and "March Up Freedom's Highway" and the poignant "Oh What a Feeling" will come to Little Rock for the commemoration of the 60th anniversary of the desegregation of Central High.
  • Klan's president

    Everything that Donald Trump does — make that everything that he says — is calculated to thrill his lustiest disciples. But he is discovering that what was brilliant for a politician is a miscalculation for a president, because it deepens the chasm between him and most Americans.
  • On Charlottesville

    Watching the Charlottesville spectacle from halfway across the country, I confess that my first instinct was to raillery. Vanilla ISIS, somebody called this mob of would-be Nazis. A parade of love-deprived nerds marching bravely out of their parents' basements carrying tiki torches from Home Depot.
  • Lynchings hidden in the history of the Hot Springs Confederate monument

    Hot Springs twice erupted into the kind of violence that has its roots in the issues left unresolved by the Civil War, and both times, it happened right where that monument to Confederate soldiers stands today.

Most Viewed

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation