SEGUIN, Texas — Alamo Group Inc. (NYSE: ALG) announced it has acquired 100% of the outstanding capital shares of Timberwolf Limited (“Timberwolf”) in the U.K. Timberwolf’s 2021 fiscal year sales were approximately £15 million (US$ 21 million).
Timberwolf manufactures a broad range of commercial wood chippers primarily serving markets in the U.K. and the European Union. The company was founded in 1986 and has delivered nearly 16,000 chippers in the U.K. and Europe through its comprehensive dealer network. The company has approximately 80 employees and operates from a 3,300 square meter facility in Suffolk, United Kingdom.
Jeff Leonard, Alamo Group’s President and Chief Executive Officer commented, “We are delighted to have completed our acquisition of Timberwolf. The company offers a full range of gravity fed, towed, track mounted and PTO-driven chippers for arboriculture, horticulture, private estates and infrastructure management. Timberwolf builds upon, and complements our existing range of tree care products and strengthens our presence in the U.K. and European forestry and tree care markets. We are pleased that Timberwolf’s management team will remain with the company and we look forward to working closely with them to drive the company’s future growth.”