Manufacturer 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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Lynn Woolf
From the Desk of Lynn Woolf

What Are You Worth to a Customer?

I met a consultant a few years ago who had no set rates. His clients paid him what they thought his time was worth. Letting others determine your income is unpredictable at best and a risk many aren't willing to take. But, think about his confidence in the value he was providing his clients, not because he thought so, but because they thought so.
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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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Toro Announces Winner of 'Ready. Set. GROW!' Grant Program

The Toro Company today announced that Shannon Ranch Elementary School, in Visalia, Calif., won top prize in the company's "Ready. Set. GROW!" grant program. As a result of the public vote, a $7,000 grant will be awarded to Shannon Ranch Elementary. The grant will enable the school to enhance their life sciences program including installing a water-efficient drip irrigation system at their school garden for use by students throughout the year. The garden will also serve as a model on smart irrigation practices for the surrounding community.
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