Alamo Group Inc. Announces the Divestiture of Herschel Parts Business Alamo Group Inc., a leading provider of industrial equipment, has recently announced the sale of its Herschel Parts business. The decision to divest the Herschel Parts business is part of Alamo Group’s strategic realignment efforts to focus on its core operations and enhance shareholder value. The Herschel Parts business, which specializes in manufacturing replacement parts for agricultural and industrial machinery, has been a part of Alamo Group’s portfolio for many years. However, with changing market dynamics and the need to streamline operations, the company has decided to sell off this non-core asset. “We believe that divesting the Herschel Parts business will allow us to sharpen our focus on our core operations and better position Alamo Group for future growth and success,” said Ron Robinson, Alamo Group’s President and CEO. “This decision is in line with our commitment to creating long-term value for our shareholders.” The sale of the Herschel Parts business is expected to have a positive impact on Alamo Group’s financial performance, as it will allow the company to allocate resources more efficiently and invest in areas that offer greater growth potential. The transaction is also expected to result in a smoother and more streamlined operation for Alamo Group. Alamo Group has not disclosed the terms of the sale or the identity of the buyer. However, the company has assured customers and stakeholders that the transition will be seamless and that there will be no disruption to the supply of replacement parts. Overall, the divestiture of the Herschel Parts business represents a strategic move by Alamo Group to optimize its operations and position itself for future success. The company remains committed to delivering value to its customers, employees, and shareholders, and this decision is a reflection of that commitment.
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Alamo Group Inc. Announces the Divestiture of Herschel Parts Business

Alamo Group Inc., a leading provider of industrial equipment, has recently announced the sale of its Herschel Parts business. The decision to divest the Herschel Parts business is part of Alamo Group’s strategic realignment efforts to focus on its core operations and enhance shareholder value.

The Herschel Parts business, which specializes in manufacturing replacement parts for agricultural and industrial machinery, has been a part of Alamo Group’s portfolio for many years. However, with changing market dynamics and the need to streamline operations, the company has decided to sell off this non-core asset.

“We believe that divesting the Herschel Parts business will allow us to sharpen our focus on our core operations and better position Alamo Group for future growth and success,” said Ron Robinson, Alamo Group’s President and CEO. “This decision is in line with our commitment to creating long-term value for our shareholders.”

The sale of the Herschel Parts business is expected to have a positive impact on Alamo Group’s financial performance, as it will allow the company to allocate resources more efficiently and invest in areas that offer greater growth potential. The transaction is also expected to result in a smoother and more streamlined operation for Alamo Group.

Alamo Group has not disclosed the terms of the sale or the identity of the buyer. However, the company has assured customers and stakeholders that the transition will be seamless and that there will be no disruption to the supply of replacement parts.

Overall, the divestiture of the Herschel Parts business represents a strategic move by Alamo Group to optimize its operations and position itself for future success. The company remains committed to delivering value to its customers, employees, and shareholders, and this decision is a reflection of that commitment.

Alamo Team Inc. Sells Herschel Portions Trade to F.P. Bourgalt Tillage Gear Ltd.

SEGUIN, Texas, Aug. 16, 2024 /PRNewswire/ — Alamo Team Inc. (NYSE: ALG) recently announced the sale of its Herschel Portions business to F.P. Bourgalt Tillage Gear Ltd. Herschel Portions, a leading manufacturer of agricultural replacement and wear parts based in Indianola, Iowa, was originally acquired by Alamo Team in 1995 and was a small part of the company’s Plants Management Division.

In a statement regarding the sale, Alamo Team’s CEO and President, Jeffery A. Leonard, expressed satisfaction with the transaction. “We are pleased to announce the successful sale of our small operation in Indianola, Iowa. This decision reflects our commitment to driving continuous improvement and profitable growth for Alamo Group. Herschel is a quality manufacturing operation, and we appreciate their contribution to our company over the years. We wish Herschel and its employees continued success under the management of F.P. Bourgalt Tillage Gear Ltd.”

Alamo Team is a leading provider of high-quality equipment for infrastructure maintenance, agriculture, and other applications. Their product range includes truck and tractor-mounted mowing equipment, street sweepers, snow removal machinery, excavators, vacuum trucks, industrial equipment, agricultural implements, forestry machinery, and related aftermarket parts and services. With approximately 4,050 employees and 29 facilities across North America, Europe, Australia, and Brazil, Alamo Team continues to be a prominent player in the industry.

As with any business transaction, there are risks and uncertainties involved. The company acknowledges this in their forward-looking statements, noting that factors such as economic conditions, supply chain disruptions, labor issues, geopolitical risks, competition, and other variables could impact actual results. Alamo Team Inc. does not assume any obligation to update these statements, emphasizing that they speak only as of the current date.

In conclusion, the sale of Herschel Portions marks a strategic move for Alamo Team Inc. as they continue to focus on growth and efficiency in their operations. The company remains committed to delivering top-notch products and services to their customers while adapting to the changing market landscape. With this transaction, Alamo Team looks forward to the future and the opportunities it may bring.

SOURCE Alamo Team Inc.