Oshkosh buys concrete equipment company
Oct 25, 2004 3:14 PM
WI-based specialty truck maker Oshkosh Truck is planning to purchase, through its McNeilus Companies subsidiary, all of the stock of privately-owned Blair, NE-based Concrete Equipment Company and its wholly owned subsidiary, Audubon Manufacturing Corp.
The deal would allow Oshkosh to offer its products to the concrete placement industry, adding an extensive line of central, mobile and portable concrete batch plants to the company's current lineup of concrete mixers and mobile batch plants sold under the Oshkosh and McNeilus brand names. In addition, CON-E-CO brings with it an independent distribution network, which enhances the company's direct sales and service network in North America.
Robert Bohn, Oshkosh's chairman, president & CEO, noted that CON-E-CO would operate as a wholly owned subsidiary of Oshkosh Truck and would be part of its commercial business division, should the deal be wrapped up as planned by the end of November.
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