In an effort to improve its supply chain, Miller Industries Inc. announced Wednesday it is buying Southern Hydraulic Cylinder Inc. of Athens, Tennessee, for $17.5 million.
CHATTANOOGA, Tenn., May 31, 2023 /PRNewswire/ -- Miller Industries, Inc. (NYSE: MLR), the World's Largest Manufacturer of Towing and Recovery Equipment, today announced that it has acquired Southern
GHP Investment Advisors Inc. cut its stake in Miller Industries, Inc. (NYSE:MLR – Get Rating) by 15.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,869 shares of the auto parts company’s stock after selling 15,726 shares during the period.
Miller Industries is cutting ties with the Delavan brand after losing $1.3 million on a joint venture to build large, over-the-road trailers at Miller Industries' Greeneville, Tenn., plant.
Shares of Miller Industries rose Thursday to the highest level since October 2007 after the towing and wrecker company announced plans to buy back up to $20 million of its stock.
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