Alamo Group Inc. (NYSE: ALG) announced today that its European subsidiary Alamo Group Europe Ltd. has acquired Kellands Agricultural Ltd. and its subsidiary Multidrive Tractors Ltd., based near Cheltenham, Gloucestershire in England.
The Kellands Group manufactures and markets self-propelled sprayers and a range of multi-purpose load carrying tractor vehicles. The company had sales of approximately US$11 million in 2013.
Keith Pashley, director of sales & marketing, will head up the Kellands team and will report directly to Christian Davies, Alamo Group Europe's head of Agriculture in the UK. Chris Kelland, who founded the company in 1987, will continue to represent the business as a non-exclusive sales agent for the sales territories of Australia and New Zealand.
Ron Robinson, Alamo Group's president commented, "This is an exciting development in our European operations and assists us in broadening our presence in the manufacture and distribution of agricultural machinery."
Dr. Geoffrey Davies, managing director of Alamo Group Europe Ltd., stated, “This is a part of continuing business strategy to enter into the agricultural self-propelled sprayer market. Additionally the multidrive unit will provide a tractor platform for carrying a range of equipment for both our agricultural and industrial businesses.”
About Alamo Group
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 truck and tractor mounted mowing and other vegetation maintenance equipment, street sweepers, snow removal equipment, pothole patchers, excavators, vacuum trucks, agricultural implements and related after market parts and services. The Company, founded in 1969, has approximately 2,550 employees and operates eighteen plants in North America and Europe. 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.
