SEGUIN, Texas, Aug. 5, 2019 /PRNewswire/ -- Alamo Group
Inc. (NYSE: ALG) announced today that it has acquired the assets of
the Dixie Chopper business from Textron Outdoor Power Equipment
Inc., a subsidiary of Textron Inc.
Dixie Chopper manufactures a wide range of commercial and high
end residential mowing equipment. The business, which is currently
based in Greencastle, Indiana, has
been serving this market for nearly 40 years.
Ron Robinson, Alamo Group's
President and Chief Executive Officer commented, "We are pleased to
have completed the acquisition of Dixie Chopper. They are an iconic
brand in the zero turn mowing industry and provide both a range of
products and channel coverage that will complement and enhance our
platform for growth. They will become part of Alamo Group's
Agricultural Division."
Rick Raborn, the Executive Vice
President of Alamo Group's Agricultural Division commented, "We are
truly excited to be further investing in the outdoor power
equipment channel with an established brand such as Dixie
Chopper. We look forward to working with our new team members
and supporting all of our new dealers in an effort to grow in this
market."
About Alamo Group
Alamo Group is a leader in the design, manufacture, distribution
and service of high quality equipment for infrastructure
maintenance, agriculture and other applications. Our products
include truck and tractor mounted mowing and other vegetation
maintenance equipment, street sweepers, snow removal equipment,
excavators, vacuum trucks, other industrial equipment, agricultural
implements and related after-market parts and services. The
Company, founded in 1969, has approximately 3,650 employees and
operates 29 plants in North
America, Europe,
Australia and Brazil as of June
30, 2019. The corporate offices of Alamo Group Inc.
are located in Seguin, Texas and
the headquarters for the Company's European operations are located
in Salford Priors, England.
Forward Looking Statements
This release contains forward-looking statements that are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties, which
may cause the Company's actual results in future periods to differ
materially from forecasted results. Among those factors which could
cause actual results to differ materially are the following: market
demand, competition, weather, seasonality, currency-related issues,
and other risk factors listed from time to time in the Company's
SEC reports. The Company does not undertake any obligation to
update the information contained herein, which speaks only as of
this date.
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SOURCE Alamo Group Inc.