Aggregates and Roadbuilding - May-June 2017

Industry news

2017-06-07 01:00:24

IEDA names new president The Independent Equipment Dealers Association (IEDA) has named Kevin Fox of Barrie, Ont.-based Dewitt Equipment Co. its new president. The announcement was made during the association’s Annual Meeting and Vendor Expo held in Orlando, Fla. this past February. IEDA also named four new board members at its meeting, which include Luke Brenner of Heavy Equipment Co. in Austin, Texas; Kenneth Tysinger with May Heavy Equipment in Lexington, N.C.; Chris Lohman with South Mountain Tractor in Tempe, Ariz.; and treasurer Kristin Waldie, BBA with CapStone Accounting in Minesing, Ont. Members of the IEDA board of directors serve a maximum of two consecutive years and are responsible for establishing industry best practices and quality used equipment standards. Outgoing board members include David Williams from International Construction Equipment; Tanna Trout and Rick Trout from Trout Machinery; Burt Cunningham from Global Tractor Co.; and Maurice Matson with Matson Machinery Company. During the annual meeting, all four retiring board members were presented with the IEDA Leadership Award, which is given to outgoing board members annually for their contribution to the organization. Prince George hosts CNRE The 2017 edition of the Canada North Resources Expo took place in Prince George, B.C. this past May, drawing several thousand visitors to the CN Centre. The popular heavy equipment trade show featured the leading companies and products that are part of Northern Canada’s varied resources sectors – including forestry, heavy construction and major resources infrastructure. The show covered four acres of indoor and outdoor exhibits and featured the Recruiting Here program for potential job seekers, designed to connect those looking for work with exhibiting companies who are currently hiring. Other special features for the 2017 edition included an AiMHi Pancake Breakfast on the Friday morning of the show with all proceeds going to AiMHi, the Prince George Association for Community Living; and the 2017 Interior Safety Conference themed “Leading Safety – Building Strong Supervisors,” which included sessions on building strong teams and communicating with different generations. The next edition of the show will take place in 2019. John Deere to acquire Wirtgen Group John Deere announced that it plans to acquire the Wirtgen Group, a global leader in road construction equipment, for EUR 4.357 billion (approximately US$5.2 billion). “The acquisition of the Wirtgen Group aligns with our long-term strategy to expand in both of John Deere’s global growth businesses of agriculture and construction,” said Samuel Allen, Deere & Company chairman and CEO. “Wirtgen’s superb reputation, strong customer relationships and demonstrated financial performance are attractive as we expand the reach of John Deere construction equipment to more customers, markets, and geographies.” The Wirtgen Group has five brands across the road construction sector spanning milling, processing, mixing, paving, compaction and rehabilitation. These include Wirtgen (milling machines and concrete paving), Vögele (asphalt paving), Hamm (compactors), Kleeman (crushers) and Benninghoven (asphalt plants). John Deere intends to retain all of the brands of the Wirtgen Group, as well as the company’s existing manufacturing footprint, management, employees and distribution network. The Wirtgen Group, based in Germany, has approximately 8,000 employees and sells products in more than 100 countries through a large network of 150 global authorized dealers. The company has more than 50 years of operating experience. The transaction has been approved by Deere’s board of directors. The purchase is subject to regulatory approval in several jurisdictions as well as certain other customary closing conditions. The companies said they expect to close on the transaction in the first quarter of Deere’s 2018 fiscal year.

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