Arrow-right Camera
The Spokesman-Review Newspaper

The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
Clear Night 68° Clear
News >  Nation/World

Paccar Will Buy Daf Trucks

From Staff And Wire Reports

Heavy-duty truck maker Paccar Inc. said today it has made a $543 million offer to acquire DAF Trucks of the Netherlands.

DAF’s board of management and its supervisory board have recommended approval, Paccar said. If accepted by shareholders, the deal is expected to close by the end of the year.

Under the deal, DAF would continue to operate as an independent subsidiary, keeping its current management, employees and production facilities.

Bellevue-based Paccar is a leading manufacturer of heavy-duty on- and off-road trucks under the Kenworth, Peterbilt and Foden nameplates.

DAF, with 5,000 employees, produces medium and heavy-duty trucks. It has factories in the Netherlands and Belgium.

The Spokesman-Review Newspaper

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.

Active Person

Subscribe now to get breaking news alerts in your email inbox

Get breaking news delivered to your inbox as it happens.