Heavy Duty Strategic Business Group

Transpro’s Heavy Duty Strategic Business Group manufactures individual heat exchange component
parts and systems for OEM and Aftermarket customers. The OEM Unit provides its customers with engine cooling systems, complete radiators, charge air coolers and OE service components. The Aftermarket Unit manufactures and distributes radiator cores, complete truck radiators and charge air coolers for on-highway, off-highway and industrial applications.

Heavy Duty Group 2003 net sales were $60.8 million, compared to $66.0 million in the prior year. Factors contributing to these results include an expected decline in sales resulting from OEM sales programs phased out at the end of 2002, milder-than-usual weather patterns and a generally weak industrial market, which allowed customers to use their underutilized trucking fleets as a source of spare parts. As the year progressed, these factors began to be offset by new customer programs, including the additions of Monaco Coach and Cummins Power Generation.