Meyer & Swenson Acquired by European ASH Group Today Meyer and Swenson announced they are combining forces with the ASH Group, a European leader of snow and ice products, and collectively they will form the ASH North American division. As the parent company for global brands Schmidt and Aebi, the ASH Group offers a comprehensive and technologically advanced range of products for winter and summer maintenance focused primarily on the industrial, commercial, airport and railway sectors. According to Meyer it’s North American distribution channels and agreements will remain unchanged and logistically all of our current facilities will remain open. According to a press release from the ASH group this acquisition will help to leverage ASH`s knowhow into the key North American market to create new and innovative products to fit the needs of key strategic customers. “We have noticed an increasing demand in the North American market for innovative products and client-focused and sustainable solutions for snow and ice management.” Walter T. Vogel, Chairman of ASH Group. Furthermore, “The symbiosis of Meyer’s and Swenson’s existing product technologies, together with product solutions of the ASH Group, will strengthen the position of our new subsidiary in the North American market. The Louis Berkman Work Products Company LLC owns both Meyer Products and Swenson Spreaders and the final transaction by the ASH Group is expected to be closed by the end of September 2015. By acquiring Meyer and Swenson, the ASH Group will instantly have a very significant footprint in the important North American snow and ice management market. As you know, the snow and ice industry has been changing in recent years. We have seen an increased number of consolidations in the market, such as Douglas Dynamics acquiring SnowEx and then Henderson and Toro acquiring Boss. This rapid consolidation of the snow and ice industry only highlights the fierce competition currently taking place, however this will help consumers have more choices and greater technology standard moving forward. In the future, you will see more acquisitions as manufacturers work to identify key strategic partners with the necessary resources and expertise to enhance their product offerings. Now, with Meyer’s access to the global resources of the ASH Group, you can expect them to capitalize on global smart solutions that will help keep you one-step ahead of your competition. Meyer Products LLC a long-established company located in Cleveland, Ohio, is one of the market-leading snow and ice management equipment producers in North America. The company manufactures snowplows as well as spreaders and sells them mainly to the light and medium duty segment of the market. Swenson Spreader LLC is located in Lindenwood, Illinois and is a leading producer of communal snow and ice management equipment in the heavy-duty segment. The product portfolio includes high performance spreaders, mounted on trucks or utility vehicles, among other products. Aebi Schmidt is focused on the European market where with 12 of its own sales companies it provides comprehensive customer proximity. In addition, there are around 100 authorized dealers worldwide so that geographical coverage of all-important countries in the world is assured. ASH Group offers a comprehensive and technologically advanced range of products for winter and summer maintenance focused primarily on the industrial, commercial, airport and railway sectors. Central Parts Warehouse is a leading distributor of America’s most trusted snow and ice brands including Western, Fisher, SnowEx, Boss, Meyer and Snowdogg, Central Parts Warehouse is recognized as the definitive source for information, products, and customer support in North America. For more than 25 years, the company has been supplying quality OEM and Aftermarket parts and delivering them with speed and accuracy. � |