Seguin — 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.
ALAMO GROUP INC.
www.alamo-group.com
