Douglas Dynamics completes acquisition of Henderson Products

Special to The Freeman

Jan. 2, 2015

MILWAUKEE —Douglas Dynamics Inc. has completed its acquisition of Henderson Products, Inc. for about $95 million in cash.

The signing of the definitive purchase agreement was announced Nov. 24, 2014. In a company statement, Douglas Dynamics said the purchase “purchase strengthens its market leadership position in snow and ice control across all truck segments and creates new opportunities for growth in attractive adjacent markets.”

Henderson Products is headquartered in Manchester, Iowa, and is a manufacturer of customized, turnkey snow and ice control solutions for heavy-duty trucks with a focus on state departments of transportation, counties and municipalities. The company generated $76 million in net sales during the trailing 12 months ending Sept. 30, 2014, according to the announcement.

Based in Milwaukee, Douglas Dynamics is a manufacturer of vehicle attachments and equipment. The Douglas Dynamics’ portfolio includes snow and ice management attachments sold under the Blizzard, Fisher, Snowex and Western brands, turf care equipment under the Turfex brand, and industrial maintenance equipment under the Sweepex brand.

Additional information can be found at www.douglasdynamics.com or www.hendersonproducts.com.