NOW THEY'RE REALLY 'EX'-CAVATORS: JLG sells Gradall excavator line to Alamo Group for USD39.4 million; will sharpen focus on core products

摘要

In the latest in a series of major moves it has made over the last several months emphasizing its focus on the access equipment industry, JLG Industries announced in early February that it had sold its Gradall excavator product line and manufacturing facility in New Philadelphia, Ohio, to Alamo Group for USD39.4 million in cash. Gradall's excavator and related equipment services revenues were approximately USD75.6 million at the end of JLG's fiscal year on July 31, 2005, According to information from Yengst Associates, the Wilton, Conn., marketing research company, Gradall is the leading supplier of wheeled excavators in North America, accounting for nearly half of the industry's sales of about 1000 machines in 2005. The company also competes in the crawler excavator market, but is considered a minor player.