Bo Knapheide Net Worth

Knapheide Manufacturing is a truck body manufacturing company based in Quincy, Illinois. The company has been in operation for over 160 years. It manufactures a variety of service bodies, including mechanics trucks, enclosed utility bodies, and lube trucks.

The company was founded by Herman Heinrich Knapheide in 1848. Over the years, it expanded its product line and became one of the largest manufacturers of truck bodies in the United States. In the 1970s, the company’s volume reached its peak. However, it was hit hard by the 1980s’ agricultural market crash. This prompted the company to focus on other markets. For example, the company targeted the railroads, telecommunications companies, utilities, and sun-belt markets.

In the 1950s, Knapheide started to diversify its product line by producing all-steel-frame truck bodies. It also began developing new service body products. As a result, the company’s revenue increased. Additionally, Knapheide created a larger distribution network to serve the agricultural market.

During the 1970s, the agricultural boom caused a surge in demand for truck bodies. The company began expanding its production facilities. In the early ’90s, Knapheide constructed a new 480,000 square foot plant in West Quincy. By the time the flood waters of the Mississippi River destroyed the building in 1993, the company had already exceeded its pre-flood output by six months.

Since the 1980s, the company has focused on improving its design technology and customer service. In addition to increasing the size and number of its manufacturing facilities, the company has also begun to develop additional product lines. Today, the company is in charge of manufacturing a variety of service bodies, which include utility trucks, mechanics trucks, lube trucks, and trailers.

Bo Knapheide IV, the sixth generation of the family to lead the company, will take over as president. Before joining the company, he had held several different positions within the organization. He started working at the company as a high school student. Now, he is responsible for guiding the company’s future as it continues to grow.

Knapheide is a family-run company that has been located in Quincy, Illinois since its founding. While it is still headquartered in the state, the company has expanded to the Middle East and the U.S. Mainland. Currently, the company is the largest producer of service bodies in the United States. With the arrival of the company’s sixth leader, the company is set to continue its innovation and growth.

Throughout its history, the Knapheide company has developed a strong reputation for quality. Its prestigious accolades include a Theta Jansen Award from the Quincy Neighborhood Federation, a Distinguished Citizen award from the Mississippi Valley Boy Scouts, and an Honorary Doctor of Human Letters degree from Quincy University. Aside from his dedication to the business, Knap was a loving family man. He also loved sports, spending time with his wife and children, and supporting his grandchildren.

He was a true patriot, a quiet generous man, and a loyal friend. His love for his family and the American way made him a wonderful man.