||2013 For the Record
- Terex Construction, Southaven, Miss., as part of a private label agreement, will provide Vermeer Corp., Pella, Iowa, with a forestry compact track loader specifically designed to work in Vermeer’s applications. “This agreement represents a good opportunity for incremental volume to better leverage our manufacturing operations in Grand Rapids, Minn., and drive additional operational efficiencies through our production and supply chain,” said Dean Barley, vice president and general manager, Terex Construction Americas and Global Aftermarket. The Terex Grand Rapids facility manufactures a full line of Terex® compact track loaders and skid-steer loaders.
- Square Scrub, Jonesboro, Ark., has earned the bronze Seal of Approval for its deep cleaning extractor from the Carpet and Rug Institute (CRI), signifying that it meets the highest standards for carpet cleaning effectiveness. To qualify for the Seal of Approval, deep cleaning extractors must undergo a stringent testing process at an independent laboratory. The testing protocol for deep cleaning extractors uses x-ray fluorescence (XRF) technology to measure the precise amount of soil removed from a carpet sample.
- Generac Holdings, Waukesha, Wis., a designer and manufacturer of generators and other engine-powered products, has signed a purchase agreement with Baldor Electric Co., a wholly-owned subsidiary of ABB Group, to acquire substantially all of the assets of Baldor’s generator products division, located in Oshkosh, Wis. “Acquiring Baldor Generators is a great strategic fit for Generac’s business, providing us immediate access to a larger industrial product line to better support the North American and global power generation markets,” said Aaron Jagdfeld, Generac’s president and CEO. Following the close of the transaction, the employees of Baldor Generators will become employees of Generac and Baldor’s Oshkosh facility will become part of Generac’s manufacturing footprint. Although the Baldor brand name is not included past a transitionary period, Generac will continue to support Baldor Generator’s existing customers and distribution network going forward. The acquisition is expected to close in the fourth quarter of 2013, pending standard closing conditions. Terms of the transaction were not disclosed.
- Aadvantage Tent Fitting (ATF), Chillicothe, Ohio, has completed a transaction to acquire the assets of Henry Evers Mfg. Co. As a result, the manufacturing equipment and inventory of Evers Mfg. Co. has been relocated from St. Louis and integrated into ATF’s plant in Ohio. Founded in 1874, Evers Mfg. Co. is a specialized producer of wooden and metal components for tents, including upright tent poles, ridge poles, stakes and rope slides. Founded in 1991, ATF manufactures its core product lines at its Chillicothe plant and is family-owned and operated.
- NES Rentals Holdings, Chicago, a Diamond Castle company, has completed its purchase of West Georgia Aerial Lift, Carrollton, Ga. West Georgia Aerial Lift has 17 employees and 300 pieces of equipment. Terms of the acquisition were not disclosed. “The team at West Georgia Aerial Lift has built a valuable organization and we are delighted to welcome them to the NES Rentals team,” stated Andrew Studdert, NES Rentals chairman and CEO. “We are confident their customers will be pleased with the same high level of customer service and diverse product offerings at NES.” Jimmy Lanier and Leighton Alston, co-owners of West Georgia Aerial Lift, will remain with the organization. NES Rentals specializes in renting aerial equipment to industrial and construction end-users. The company has more than 75 locations in 27 states.