Exhibit 10.26

Confidential  portions of this document  have been omitted and filed  separately
with the Commission.

                     FIXED-PRICE PURCHASE AND SALE AGREEMENT

This Agreement  ("Agreement") dated November 27, 1996 is between Dolton Aluminum
Company, Inc. ("Seller") and FEATHERLITE TRAILERS ("Buyer").

Seller  desires to sell  certain  goods to Buyer and Buyer  desires to  purchase
certain goods from Seller.

NOW,  THEREFORE,  in  consideration  of these premises and the following  mutual
agreements, the parties agree as follows:

1. Seller will sell to Buyer, and Buyer will purchase from Seller,  the aluminum
extrusions identified on Schedule A attached hereto ("Product"),  subject to the
terms  contained in this  Agreement  and the attached  Schedule A. The quantity,
delivery dates, and prices, for Product are also set forth on Schedule A.

2. This  Agreement  shall have a term from the date hereof to December 31, 1997.
This Agreement may not be canceled by either party prior to the termination date
without the prior written consent of the other.  Buyer  acknowledges that Seller
intends to rely on this Agreement in fixing the prices and delivery dates of its
raw material  purchases  necessary to fulfill this Agreement and as such,  Buyer
agrees to pay for the  quantity  specified  on  Schedule  A whether or not Buyer
places specific orders with Seller as specified in Item 3 below.

3. Buyer  agrees to place  specific  firm  orders with Seller for the Product at
least 28 days prior to the  requested  shipment  date which  shall  specify  the
number of pounds, feet, or pieces of specific aluminum extrusion shapes.  Seller
will  attempt to respond to Buyer's  order  requests  with less than 28 day lead
time  but  shall  be  under  no  obligation  to do so.  Seller  is  required  to
manufacture and ship only product for which Seller has timely received  specific
firm orders.

4. Seller's  obligations  hereunder are subject to Seller's credit approval with
respect to each shipment and to the  availability  of financial  information  on
Buyer which,  in the Seller's  opinion,  is adequate to demonstrate  the Buyer's
financial  condition,  ability to pay for  shipments in  accordance  with agreed
terms of payment,  and  ability to support the volume of credit  extended by the
Seller.

     Payment terms for the Product shall be as set forth in Schedule A. Seller's
obligation to continue shipments of Product is conditioned upon Buyer satisfying
its  payment  obligations  under  this  Item 4 in full  within  the time  period
specified.

5. Either party's  failure,  at any time or times  hereafter,  to require strict
performance  by the other party of any  provision  of this  Agreement  shall not
constitute a waiver, or affect or diminish the right thereafter to demand strict
compliance and performance of this Agreement.



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Page 2
Fixed-Price Purchase and Sale Agreement



6. This Agreement  (including  Schedule A) shall constitute the entire agreement
between the parties  with  respect to the  subject  matter  hereof and shall not
apply to any  purchases  by Buyer  in  excess  of the  quantities  set  forth in
Schedule A. The terms of any such excess  purchases will be governed by separate
agreement of the parties.  Except as specified in this  Agreement,  the terms of
sale and rights of the parties with  respect to any  specific  order shall be as
set forth in Seller's order acknowledgment as provided from time to time.

By: Gary Ihrke                                    By: Drago H. Kahanu
Title: Vice President                             Title: Vice President
         Manufacturing                              Sales and Marketing

Signature: /s/ Gary Ihrke                       Signature: /s/ Drago H. Kahanu
          FEATHERLITE TRAILERS                        DOLTON ALUMINUM CO., INC.
             (BUYER)                                      (SELLER)

Dated:    11/27/96                                        Dated:    11-27-96


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<PAGE>



                                   SCHEDULE A

Material  Description:  This  agreement  covers  custom and standard  extrusions
currently  being supplied or quoted to FEATHERLITE  TRAILERS  (Buyer") by Dolton
Aluminum Company,  Inc. ("Seller") with specific  pounds/pieces/feet by specific
shape to be supplied by Buyer.

Quantity: ********** pounds per calendar month for a total of ********** pounds.

Delivery Period: January 1, 1997 through December 31, 1997.

Price: $********** per pound for solid aluminum extrusions,  add $********** per
pound for hollows.

Packaging: Standard - Bare Bundle.

Tolerance: Aluminum Association standards to apply.

FOB: FEATHERLITE TRAILERS, Cresco, IA.

Total Dollar Value of Contract: Approximately $**********.

Terms: Net 30 days.

By: Gary Ihrke                               By: Drago Kahanu
Title: Vice President                        Title: Vice President Marketing

Signature: /s/ Gary Ihrke                    Signature: /s/ Drago Kahanu
            FEATHERLITE TRAILERS                      DOLTON ALUMINUM CO., INC.
                   (BUYER)                                     (SELLER)

Dated:    11/27/96                                        Dated:    11-27-96


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