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July 14, 2006 (Business Wire) Alamo Group Inc. (NYSE: ALG) announced that effective today it has acquired Nite-Hawk Sweepers LLC, a manufacturer of truck mounted sweeping equipment primarily for the contract sweeping market, which will expand its presence in that market and compliment its Schwarze sweeper line. Nite-Hawk had sales of approximately $5 million in 2005 and is located in Kent, Washington. The former owners of Nite-Hawk, Tracy Day and Brad Morris, will both remain active with the Company as it becomes part of Alamo Group's North American Industrial Division. Alamo Group is a leader in the design, manufacture, distribution and service of high quality equipment for right-of-way maintenance and agriculture. Our products include tractor and truck mounted mowing and other vegetation maintenance equipment, excavators, street sweepers, snowblowers, pothole patchers, agricultural implements and related after market parts and services. The Company, founded in 1969, has over 2,250 employees and operates thirteen plants in North America, Europe and Australia as of June 30, 2006. 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. 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. SOURCE: Alamo Group Inc. |
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