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Douglas Dynamics Inc Announces Acquisition Of Assets Of TrynEx


Monday, 6 May 2013 04:35pm EDT 

Douglas Dynamics Inc announced that it has completed the acquisition of substantially all the assets of TrynEx, Inc., the leader in truck mounted salt and sand spreader equipment under the brand name SnowEx. TrynEx also provides turf application and industrial attachment products under the brand names TurfEx and SweepEx. Douglas Dynamics has acquired substantially all the assets of TrynEx, Inc. for a purchase price of $26 million. Acquired assets include TrynEx's full line of product offerings from its SnowEx, TurfEx and SweepEx brands and access to TrynEx's network of approximately 1,500 authorized dealers worldwide spanning 26 countries. The acquisition of the TrynEx assets is expected to be accretive to earnings per share on a full-year basis and free cash flow positive on a standalone basis in 2014. 

Company Quote

22.9
-0.1 -0.43%
21 Nov 2014