Industry News

Bandit Industries Backs Away From Alamo Offer

Bandit Industries has announced that the company will remain privately owned, in the hands of current owners Jerry Morey, Mike Morey Sr. and Dianne Morey. The three have elected to turn down the offer from Alamo Group Inc., negating Alamo's pending acquisition of Bandit.
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Land Pride Introduces SGC05 Grapple

Move brush, clean stalls, lift debris, and so much more with Land Pride's all new SGC0548 Claw Grapple. Our SGC05 tines are manufactured from high-tensile AR400 Steel to make sure it stands up to demanding use. For added strength, the frame is made of 2" x 3" rectangular tubing. And it carries the Land Pride name, so you know quality is built in.
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Alamo Group Announces Termination of Negotiations to Acquire Bandit Industries

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
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