- Matt Arnold and Jeff Troyer will open Formula Trailers
- The 110,000 sq. ft. manufacturing facility is located in Bristol, IN
- Formula Trailers will initially produce cargo trailers and auto haulers in both steel and aluminum
- The company plans to build a full line of trailers by the end of the year
Bristol, IN (June 28, 2018) – Industry veterans Matt Arnold and Jeff Troyer are building cargo trailers again. After negotiations with the Indiana Economic Development Corporation (IEDC), the pair will open Formula Trailers, a new cargo trailer manufacturer located in Bristol, IN.
The 110,000 sq. ft. manufacturing facility is located at 19224 Co Rd 8, Bristol, IN. Formula Trailers will hire 45 employees to begin production the week of July 2nd and plans to hire 80 full time employees over the next year.
Formula Trailers will initially produce cargo trailers and auto haulers in both steel and aluminum. However, the company plans to build a full line of trailers including motorcycle, snowmobile and high-end race trailers by the end of the year.
Troyer states, “Formula Trailers was started to fulfill a need for a new cargo trailer and race trailer offerings not currently produced by our competitors. Competitors build what they want instead of what the customer wants, and the market is signaling they won’t pay more for less value. There is a need for additional capacity to fill that void and focus on customers, providing competitive lead times. In an industry where dealer input is vital, I’m looking forward to re-establishing old relationships and making new ones.”
Troyer, President of Formula Trailers, is a 27-year trailer industry veteran with experience from both the OEM and supplier sides. Troyer began his career at Haulmark, where he held the title of Warranty Manager and worked with Matt Arnold’s father. He was eventually promoted to Vice President of Sales and Marketing, a position he held for 15 years.
Troyer and a business partner then purchased an aluminum and steel fabrication company that served the cargo and horse trailer industries. After Troyer and his partner sold their company in 2016, his vision for building a quality product and creating strong partnerships with the best dealers in the industry became reality by partnering with Arnold to create Formula Trailers.
ABOUT FORMULA TRAILERS
Formula Trailers was started with the vision to build strong partnerships with dealers and create products with the best value, features and service. Headquartered in Bristol, Indiana, Formula Trailers manufactures a variety of steel and aluminum enclosed cargo and open utility trailers. For more information, visit formulatrailers.com or call 574-822-0527.