October 26, 2009,
Armstrong, IA – Art’s Way Manufacturing, Inc., a manufacturer and
distributor of agricultural machinery and equipment, recently
announced the company has signed a letter of intent to acquire the manure
spreader product line of Roda Manufacturing, Inc., of Hull, Iowa.
October 26, 2009,
Armstrong, IA – Art’s Way Manufacturing, Inc., a manufacturer and
distributor of agricultural machinery and equipment, recently
announced the company has signed a letter of intent to acquire the manure
spreader product line of Roda Manufacturing, Inc., of Hull, Iowa.
The product line includes:
- The H Series – a
non-commercial, high quality, low maintenance pull-type manure spreader that
comes in 400, 600 and 800 bushels - The V Series – a
commercial spreader with removable vertical beaters, adjustable apron speed and
a reversible apron - The HV Series – combines
the best of both the H and V Series. Rugged, reliable and available in 20-, 22-
and 24-foot box length with either horizontal or vertical beater options. It
also features a durable one-piece frame design and a triple apron.
The acquisition is
anticipated to close not later than January 5, 2010.
“This product line
acquisition candidate absolutely fits Art’s Ways business model, which has the
objective of completing strategic and vertical acquisitions,” said J. Ward
McConnell Jr., chairman of the board. “(This) allows us to expand our product
line, improve our niche manufacturing leadership position, build our asset base
for revenue growth and increase shareholder value. I know our dealers will be
very excited to be able to offer this outstanding line of manure spreaders to
their customers.”
