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Alamo Group will acquire most assets and assume certain liabilities of Bush Hog, LLC, maker of mowers and other outdoor power equipment. The purchase consideration is 1.7 million shares of Alamo Group Inc. common stock which, after the closing, would represent approximately 14.5% of the outstanding common stock of Alamo Group. The purchase includes substantially all of the ongoing business of Bush Hog, including the Bush Hog brand name and all related product names and trademarks.
Based in Selma, AL, Bush Hog principally sells its products across North America through a network of independent dealers and distributors. Its product line includes rotary cutters, finishing mowers, zero turn mowers, front-end loaders, backhoes, landscape equipment, and a variety of other implements.
Duane Prentice, Bush Hog's President since September 2008, will remain in that capacity with the new Bush Hog subsidiary of Alamo Group following the completion of the transaction. Bush Hog will continue to manufacture at its Selma, AL facility.
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