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Alamo Group Inc to acquire units of Specialized Industries, LP

Monday, 24 Feb 2014 06:25pm EST 

Alamo Group Inc:Says it has entered into an agreement to acquire the operating units of Specialized Industries, LP.This includes the businesses of Super Products LLC, Wausau-Everest LP and Howard P. Fairfield LLC.Super Products is a manufacturer of vacuum trucks and related equipment, parts and service, which is complementary to Alamo's VacAll operation.Wausau-Everest is a manufacturer of snow removal equipment which is complementary to Alamo's Tenco and Henke operations.Howard P. Fairfield is a dealer/distribution operation primarily in the New England area. Total consideration for the purchase is about $186 million, subject to certain adjustments.The purchase is anticipated to close within 45 days and is subject to receiving regulatory approval and completion of other pre-closing requirements. 

Company Quote

0.26 +0.52%
28 Aug 2015