ABC Companies And Its Customers Remain Top Priority As Van Hool Addresses Financial Challenges

The following is a press statement from ABC Companies:

• Van Hool has entered a reorganization period, allowing them to pause existing repayments while a collective plan is finalized with all lenders. During this time, Van Hool is pursuing options in parallel paths to position for future activities, providing a reassuring path forward which we believe will have a positive outcome within the next few weeks.
• There is no change in the Van Hool production schedule as they continue to work at full capacity for 2024. Buses and parts continue to be shipped as planned and orders for all motorcoaches, including electric, and motorcoach parts are being received as normal.
• While Van Hool will be moving all production of motorcoaches to its Macedonia facility, North American production has been sourced in the Macedonia facility since 2014 which should result in a seamless transition for ABC and its customers allowing work to continue in a “business as usual” environment.
• North America and ABC Companies continues to be a top priority for Van Hool and remains a bright spot in their portfolio and future plans.