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Construction Equipment Distribution magazine is published by the Associated Equipment Distributors, a nonprofit trade association founded in 1919, whose membership is primarily comprised of the leading equipment dealerships and rental companies in the U.S. and Canada. AED membership also includes equipment manufacturers and industry-service firms. CED magazine has been published continuously since 1920. Associated Equipment Distributors
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Industry Beat

CED, June 2008

Article Date: 06-01-2008
Copyright(C) 2008 Associated Equipment Distributors. All Rights Reserved.


Wacker Corp. Renamed Wacker Neuson SE
The company announced the name change in April.Wacker Corp. has officially changed its name to Wacker Neuson SE. The company entered the name change in the Wisconsin Department of Financial Institutions in April.Completed in 2007, the merger between the parent company Wacker Construction Equipment AG and Neuson Kramer Baumaschinen AG has created a major global manufacturer of light and compact equipment. Wacker Neuson Corp., Menomonee Falls, Wis., is an affiliate company of Wacker Construction Equipment, AG, Munich Germany. This move aligns with plans to change the name and legal form of the parent company in June 2008, when it will become Wacker Neuson SE."Under our new name of Wacker Neuson Corporation, we will continue to support our customers' processes with top-quality products and service they experienced under Wacker Corporation," said Christopher Barnard, president & CEO of Wacker Neuson Corp.The company says that the merger further strengthens Wacker Neuson Corp.'s position as a reliable partner for high-quality construction equipment. In addition to products in the light equipment segment, the company's portfolio also includes compact equipment such as track excavators, compact wheel loaders and dumpers."We are well aware that, alongside product innovations, trust, stability and consistency are vital to good customer relations," said Barnard. He adds that customers will continue to receive the best possible advice and support from their Wacker Neuson contacts in the future as they were accustomed to receiving under Wacker Corp.

Holt Cat Celebrates 75th Anniversary
Holt Cat, a large equipment dealership based in San Antonio, Texas, is celebrating its 75th anniversary as a Caterpillar dealer this year.In June of 1933, company founder William K. "Bill" Holt established Wm. K. Holt Machinery Co. in San Antonio to serve as the Cat dealership for 60 South Texas counties. His first location, a small store at 1333 South Flores St., was staffed with only three employees. Bill Holt was the second son of Benjamin Holt, who is credited with developing the first practical track-type tractor in 1904, which he named the Caterpillar.  "My great uncle started this dealership in 1933. My father, B.D. Holt, is celebrating 60 years of service at Caterpillar and this dealership this year," said Peter M. Holt, CEO for Holt Cat. "The Holt family has deep roots in Texas. I grew up in San Antonio and Corpus Christi and joined my father's dealership in 1983. Our partner, Caterpillar, provides superior products for us to distribute. We complement those products with a level of service and parts support that is unmatched in the industry. Our employees are guided by a set of core business values which ensure that we operate in an ethical manner with each other, with our customers and within the communities in which we live and work."Holt Cat is one of the largest Caterpillar dealerships in the world with more than 2,000 employees in 20 locations. Holt's 800 service technicians support the large volume of Caterpillar machines and engines operating in their 118 county Texas territory.Although Holt is primarily a Caterpillar distributor, it has fabricated its own line of land clearing tools and Spray King water tankers since the late 1940s. Using its extensive machining and fabrication capabilities, the company also designs and fabricates many unique equipment items for customers on a custom basis.

McCann Industries Throws Event for Customers
Despite a stormy start to the day, McCann Industries' 5th Annual Pig Roast & Tent Sale was a huge success. The event, held May 2 in Addison, Ill., attracted more than 550 customers and featured 70 vendor booths and product demos. Customers enjoyed one-day only pricing specials - and eight roasted pigs. McCann represents a number of manufacturers including Case, Takeuchi and Wacker.


In the News

JLG Industries
, Inc. an Oshkosh Corp. company and manufacturer of aerial work platforms and telescopic material handlers, announced several key promotions to enhance its global leadership. Tim Morris, Wayne Lawson and Andrew Satterley will each expand their responsibilities with JLG.
Morris has been promoted to the position of vice president, Market Development and Sales for the Americas. His responsibilities include the development and implementation of JLG's strategic business plan for the Americas and further development of the integrated Americas team.
Lawson
, vice president, Sales and Customer Support for EAME, has assumed overall responsibility for the development and implementation of JLG's market development and sales strategies in the Europe, Africa and Middle Eastern markets. In addition to his responsibilities of providing leadership and direction for JLG's European sales and service operations, Lawson will also assume responsibility for the European aftermarket parts sales business segment.
Satterley has been promoted to managing director for Australia and New Zealand. His additional responsibilities include the continual assessment of markets, and the development and implementation of strategic business plans.
JLG also promoted Rick Alton to the position of vice president and general manager for JLG's Caterpillar Alliance Group (CAG), for which Alton will be responsible for continued growth and expansion; and he will continue to build on the successful global alliance with Caterpillar, continuing the development of the global high performance team and implementing the business strategies related to the CAG.

Bob Olson
has been named president of Dressta North America. In his new role, Olson will be responsible for all company operations in the U.S. and Canadian markets. Olson joined Dressta in 2006 and most recently served as the vice president of Sales and Marketing for the company. Dressta manufactures crawler dozers, wheel loaders, loggers and landfill crawler dozers.

Ben Carapetyan
has been appointed vice president of operations for Herk & Associates, professional recruiters for equipment dealers, rental companies and manufacturers. Along with his role as lead recruiter, Carapetyan will also take on upper management responsibilities key to day-to-day operations. In addition, Jim Brammer has also been promoted to staffing specialist, with a focus on dealership sales positions.

Roger Euliss
has announced his intentions to retire from his role as president of Multiquip at the end of 2008. "After almost 28 years, it is time for others to take the helm," said Euliss. "We have an excellent team in place, so the continued growth and success of the company are assured. I feel very proud and confident of the company and the team that I have been a part of for so many years."
Multiquip has also appointed Mike Howlett president of MQ General Construction Equipment Group. He will report to Tom Yasuda, chairman and chief executive officer. The balance of the core management organization will remain largely unchanged. Multiquip manufactures light and medium-sized construction equipment and power generation equipment.

Genie Industries
, a manufacturer of aerial work platforms and part of Terex Corp.'s Aerial Work Platforms (AWP) segment, has selected a new manufacturing site in China. Genie chose a business park in Changzhou, China, a few hours northwest of Shanghai to build its production facility. The company is expected to break ground in the second quarter of 2008.

Peterson
has appointed Rick Conde a regional sales manager - southwest, responsible for Arizona, New Mexico, and the southern half of California and Nevada. Peterson, an Astec Industries company, specializes in the development and sales of delivery and processing equipment that turns low-grade organic materials into high value products.

Steve Seminack
has been appointed the vice president/chief financial officer for Modern Group, a Bristol, Pa., distributor of industrial lift trucks and construction equipment. He will report directly to Dave Griffith, Modern Group President & CEO, and will be assuming the duties currently held by George Wilkinson, who will retire at the end of December.

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