SEGUIN, Texas, June 6, 2017 -- Alamo Group Inc. (NYSE: ALG) announced that it has completed the previously announced acquisition of Santa Izabel Agro Industria, Ltda. (“Santa Izabel”) in Brazil.
Santa Izabel designs, manufactures and markets a variety of agricultural implements and trailers sold throughout Brazil. They have been serving this market for more than 60 years.
Ron Robinson, Alamo Group’s President and Chief Executive Officer commented: “We are pleased to complete this acquisition and have Santa Izabel as part of the Alamo Group. They have a well-respected brand in the Brazilian agricultural market, which is one of the world’s largest. And, we feel the timing is good as the market in Brazil is showing signs of rebounding from the declines of the last several years. Santa Izabel’s excellent manufacturing facilities will also offer synergistic opportunities with Alamo’s existing Herder operation in Brazil.”
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 2,970 employees and operates 24 plants in North America, Europe, Australia and Brazil as of March 31, 2017.
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.