SEGUIN, Texas, April 6, 2018 /PRNewswire/ -- Alamo Group
Inc. (NYSE: ALG) was notified that on April
5, 2018, the unionized workers at its subsidiary, Gradall
Industries, Inc., located in New
Philadelphia, Ohio (the "Company"), had formally approved a
three (3) year labor agreement with the Company, ending the
previously announced strike that commenced on March 12, 2018. The unionized workers are part of
the International Association of Machinists and Aerospace Workers,
District Lodge 54, Local Lodge 1285. The workers are expected to
commence work under the new labor agreement on Monday April 9, 2018.
Alamo Group is a leader in the design, manufacture, distribution
and service of high quality equipment for infrastructure
maintenance, agriculture and other applications. Our products
include truck and tractor mounted mowing and other vegetation
maintenance equipment, street sweepers, snow removal equipment,
excavators, vacuum trucks, other industrial equipment, agricultural
implements and related after-market parts and services. The
Company, founded in 1969, has approximately 3,300 employees and
operates 26 plants in North
America, Europe,
Australia and Brazil as of December
31, 2017. The corporate offices of Alamo Group Inc.
are located in Seguin, Texas and
the headquarters for the Company's European operations are located
in Salford Priors, England.
This release contains forward-looking statements that are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties, which
may cause the Company's actual results in future periods to differ
materially from forecasted results. Among those factors which could
cause actual results to differ materially are the following: market
demand, competition, weather, seasonality, currency-related issues,
and other risk factors listed from time to time in the Company's
SEC reports. The Company does not undertake any obligation to
update the information contained herein, which speaks only as of
this date.
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SOURCE Alamo Group Inc.