Federal signal to acquire new way trucks; expand specialty vehicle platform into refuse collection vehicles

Downers grove, ill. , sept. 24, 2025 /prnewswire/ -- federal signal corporation (nyse: fss) ("federal signal" or the "company"), a leader in environmental and safety solutions, today announced that it has signed a definitive agreement to acquire scranton manufacturing company inc. d/b/a new way trucks ("new way"), a leading u.s.-based designer and manufacturer of refuse collection vehicles, for an initial purchase price of $396 million.
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