SEGUIN, Texas, December 16, 2013 -- Alamo Group Inc. (NYSE: ALG) today announced that negotiations relating to the proposed acquisition of Bandit Industries, Inc. have been terminated. The proposed transaction with Bandit had previously been announced on November 19, 2013 based on the letter of intent entered between the parties and as a result of the public disclosure that the transaction had been approved under the Hart-Scott-Rodino antitrust review. As announced at that time, the transaction was subject to completion of an acquisition agreement and certain other conditions and, as of now, the parties have been unable to reach an agreement

Net sales for the first quarter were $158.4 million compared to net sales of $155.9 million for the first quarter of 2012, an increase of 2%. Net income for the quarter was $6.9 million, or $0.57 per diluted share, compared to net income of $6.8 million, or $0.56 per diluted share, for the first quarter of 2012, an increase of 2%.

The Agricultural Division of Alamo Group Inc. today announced the appointment of Tom Taylor as Vice President of Business Development. The new position will be responsible for supporting dealer development and international growth initiatives as well as OEM and brand alliances for the Alamo Ag brands, including Schulte, Rhino, Bush Hog and Herschel. Rick Pummell, Executive Vice President and General Manager of the Ag Division commented, "The Alamo Ag Division is committed to finding new opportunities to serve our dealers and grow our business together. Tom is uniquely qualified to provide direction for these new initiatives".

Alamo Group Inc. (NYSE: ALG) today reported results for the third quarter ended September 30, 2012. Net sales for the third quarter were $156.1 million compared to net sales of $155.1 million for the same quarter of 2011, an increase of 1%. Net income for the quarter was $8.6 million, or $0.71 per diluted share, versus $10.1 million, or $0.84 per diluted share, for the third quarter of 2011, a decrease of 15%. The decline in net income was attributed to some softness across all three of the Company's business segments.

Alamo Group Inc. (NYSE: ALG) today reported results for the third quarter ended September 30, 2012.

Alamo Group Announces Record 2nd Quarter for 2012

Alamo Group Inc. and Alo today jointly announced a major new manufacturing and distribution alliance for their tractor loader businesses in North America.

Alamo Group Inc. announced that effective yesterday it has acquired substantially all of the assets and business of Tenco Group Inc. and its subsidiaries. (Tenco), a Canadian based manufacturer and distributor of snow and ice removal equipment, for approximately CDN $6 million in cash, plus the assumption of certain specified liabilities and subject to post closing adjustments.

Alamo Group Inc. (NYSE: ALG) today reported record results for the third quarter ended September 30, 2010.

Alamo Group Inc. announced it will unveil a new Rhino mower at the rural lifestyle National Farm Machinery Show in Louisville, Ky this month.