Featherlite Inc., a builder of specialty aluminum trailers, transporters and luxury motorcoaches, announced today (Jan. 9) that it has engaged a financial adviser to help the board “explore strategic alternatives to enhance shareholder value.”
In a statement, the Cresco, Iowa-based firm said “there can be no assurance that the exploration of strategic alternatives will result in any transaction.” Featherlite added that it would not disclose any developments unless a transaction was approved by the board.
Featherlite reported an increase in sales and earnings during its third quarter, ended Sept. 30. The company’s stock opened today at $4.14 per share on the NASDAQ small cap index.