Ames True Temper Acquires Assets of West Barrows Mix in Australia
11 August 2010
Ames True Temper, Inc. (ATT) a manufacturer of non-powered lawn and garden tools has announced that its Australian division has completed the acquisition of certain assets of West Barrows Mix Pty Ltd., an Australian-based manufacturer and supplier of products for thebuilding and construction industry. The company was bought for around $12 million. Assets acquired include receivables, inventory, trade names and manufacturing assets.
ATT Australia has said that the move is part of a business strategy to improve their product range and boost sales. Mr. Duane Greenly, president and CEO of Ames True Temper said, “We have acquired a broad range of quality products and country-wide distribution capabilities that significantly enhance our business base in Australia. The acquisition of these assets supports our strategy to further enhance our diverse product offerings to grow our top line sales globally and to provide bottom line value to our shareholders."
The acquisition has added brands to ATTs offerings. Mr. Greenly said, "We are pleased to add great brands, such as Westmix and Kelso, to our product offering in Australia,"
ATT Australia will be headquartered in Perth, Western Australia with operations in Queensland, New South Wales, Victoria and South Australia.