News

Winnipeg, Manitoba, Canada – January 15, 2018: (TSX: NFI) New Flyer Industries Inc. (“NFI Group”), the largest transit bus and motor coach manufacturer and parts distributor in North America, today announced a new brand within its portfolio – Carfair Composites™.

As a division of the NFI Group, Carfair Composites, led by newly appointed General Manager Rob Marion, is North America’s leader in creating innovative fiber-reinforced plastics (FRP) and composite technologies.  As a comprehensive manufacturer of engineered composite products, it supplies to the original equipment manufacturer (OEM), agriculture, construction, transportation, commercial, and medical industries.  Carfair Composites brings together the strength of historic North American composite leaders formerly known as Carlson Composites and Sintex-Wausaukee Composites.

As previously announced in June of 2017, NFI Group acquired the assets of Carlson Composites, and in September 2017, also acquired Sintex-Wausaukee Composites. With the addition of two leading composite companies, NFI Group created the Carfair Composites (“Carfair”) brand to serve the transit bus and motor coach business entities of the organization alongside Frank Fair, the XXXXX subsidiary of NFI Group supporting the XXXX businesses with XXXX products.

“Our goal in combining these businesses is to provide efficient, reliable, and streamlined composite operations to support our manufacturing business and other large-scale customers in a vairiety of industries,” said David White, Executive Vice President of Supply Management with NFI Group. “Together as Carfair Composites, we can design, create, and deliver innovative composite products to increase quality, reliability, and performance of engineered composite products in North America. This is an opportunity to share technologies and best practices, and we will continue to optimize our ability to leverage technology and innovation in doing so.”

While the combined businesses have been rebranded Carfair Composites, this announcement does not impact customers or suppliers with changes to their primary contacts or transactional processes. All system-related activities will remain as they are today.

Carfair offers over 85 years of engineered fiber-reinforced plastics (FRP) and composite technologies. It has four manufacturing and distribution centers, located in Winnipeg, Manitoba; St. Cloud, Minnesota; Wausaukee, Wisconsin; and Gillett, Wisconsin.

The NFI Group employs more American workers than any other transit bus manufacturer in North America.

About NFI Group

NFI Group and its subsidiaries comprise the largest bus and motor coach manufacturer and parts distributor in North America, with 32 fabrication, manufacturing, distribution, and service centers located across Canada and the United States and employing nearly 6,000 team members.

NFI Group provides a comprehensive suite of mass transportation solutions under several brands: New Flyer® (heavy-duty transit buses), ARBOC® (low-floor cutaway and medium-duty buses), MCI® (motor coaches), and NFI Parts™ (bus and coach parts, support, and service).  NFI Group’s vehicles incorporate the widest range of drive systems available ranging from clean diesel, natural gas, diesel-electric hybrid, trolley-electric, battery-electric and fuel cell.

• New Flyer is North America’s heavy-duty transit bus leader and offers the most advanced product line under the Xcelsior® and Xcelsior CHARGE™ brands. New Flyer actively supports over 44,000 heavy-duty transit buses (New Flyer, NABI, and Orion) currently in service, of which 6,400 are powered by electric and battery propulsion.
• ARBOC is North America’s low-floor, body-on-chassis (“cutaway”) bus leader serving transit, paratransit, and shuttle applications. With more than 2,500 buses in service, ARBOC leads the low-floor cutaway bus market providing unsurpassed passenger accessibility and comfort over traditional high-floor cutaway vehicles. ARBOC also offers a medium-duty bus for transit and shuttle applications.
• Motor Coach Industries is North America’s motor coach leader offering the J-Series, the industry’s best-selling intercity coach for 11 consecutive years, and the D-Series, the industry’s best-selling motor coach line in North American history. Motor Coach Industries is also the exclusive distributor of Daimler’s Setra S 417 and S 407 motor coaches in the United States and Canada. MCI actively supports over 28,000 coaches currently in service.
• NFI Parts is North America’s most comprehensive parts organization, providing replacement parts, technical publications, training, service, and support for NFI Group’s bus and motor coach product lines.

Further information is available at www.newflyer.com, www.arbocsv.com, and www.mcicoach.com. The common shares of NFI Group are traded on the Toronto Stock Exchange under the symbol NFI.

Forward-Looking Statements

This press release may contain forward-looking statements relating to expected future events and financial and operating results of the NFI Group that involve risks and uncertainties. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including those risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at www.sedar.com. Due to the potential impact of these factors, NFI Group disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

For further information, please contact:

Jon Koffman
Investor Relations
Ph: 320-316-4964