Wabash National getting $35 million investment LAFAYETTE, IN (wbaa) - A Lafayette company has struck a deal which will result in a $35 million investment.

Wabash National is entering into a securities purchase agreement with Trailer Investments LLC. The new company was formed specifically for this agreement.

Besides the stock purchase, Trailer Investments will be able to name five of Wabash National's 12-member board of directors.

Wabash National CEO Dick Giromini says the additional capital will help the company meet its needs during the economic downturn.

A Lincolnshire Management executive says Wabash's market leading position and solid product line present an exciting investment opportunity.
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