Gradall Sold AgainCED Magazine April 2006
Article Date: 04-03-2006
Copyright(C) 2008 Associated Equipment Distributors. All Rights Reserved.
The company's ninth owner is The Alamo Group.
The Alamo Group, manufacturer of service equipment for right-of-way maintenance and agriculture, has acquired Gradall from JLG Industries.
This $39.4 million sale includes a 430,000-square-foot manufacturing facility in New Philadelphia, Ohio, and all related equipment, machinery, tooling and intellectual property. In addition, Alamo and JLG have executed a supply agreement covering components for JLG's telescoping material-handler product lines that currently are manufactured at the New Philadelphia facility.
Alamo is the ninth owner of Gradall and Gradall is the only excavator manufactured entirely in the United States.
"This is an exciting development for Alamo and one that will be synergistic to our business," says Ron Robinson, Alamo Group's president and CEO. "With Alamo and Gradall together, we feel we can expand our market coverage and mutually enhance our sales potential."
"The Gradall excavator is a well known and highly respected niche product line, but it is not a core business for JLG," says Bill Lasky, JLG's chairman of the board, president, and CEO. "With this ownership change, the New Philadelphia excavator team will find more opportunities to flourish and grow with a more closely aligned family of products."
[ TOP ]
|
