This Boler wants the big wheels of the road to ride smoothly in their own lanes. The holding company's main subsidiary Hendrickson makes suspension systems for heavy and medium-duty trucks, buses, and RVs. A trailer division focuses on air ride suspensions. Auxiliary axle systems and controls are made for heavy-duty trucks and trailers. A stamping division supplies bumpers and components; its spring division makes heavy-duty steel flat-leaf and parabolic taper-leaf springs. Boler sells to heavy-duty truck and trailer OEMs in the US, with distribution to countries in Latin America and Europe, as well as Australia and Japan. Boler is led by founder and chairman John Boler and his son, president and CEO Matthew.
The company has tapped new market opportunities through multiple acquisitions and alliances that simultaneously serve to ramp up its manufacturing capacity and product portfolio. Boler's acquisitions have opened the door to promising customers in the US, Canada, and China. It operates almost 20 facilities, a dozen manufacturing centers, and five global technical centers in North America, Europe, and Asia/Pacific.
In 2010 the company entered into a strategic alliance with Hong Kong-based Sinotruck, an affiliate of China National Heavy Duty Truck Company (CNHTC), one of the country's largest heavy-duty truck manufacturers. The agreement calls for Hendrickson to supply suspension systems for CNHTC vehicles. Hendrickson opened a manufacturing facility in mid-2010 in China capable of producing 35,000 truck suspensions per year.
Also in 2010 Boler's DXM independent suspension rolled out along with Navistar's high-mobility Medium Tactical Vehicle (MTV). The Defense unit of Navistar developed an off-road vehicle that could withstand the brutal terrain of Afghanistan. It selected the Hendrickson Truck Suspension System to support its 7400 series 6x6 truck. The DXM design is also compatible with Navistar's MaxxPro Mine Resistant Ambush Protective (MRAP) vehicles and the 7000 series of MTVs, and could very well be contracted to retrofit the US military fleet.
The Boler Company started out by manufacturing leaf springs and metal bumpers, but in 1978, it purchased Hendrickson, whose history dates back to 1913. Magnus Hendrickson founded The Hendrickson Motor Truck Company in Chicago, where he built trucks initially. – less