Alamo Group Acquires Econ Engineering Group for $158.7 Million
Alamo Group acquired the U.K.-based roadway maintenance truck and equipment manufacturer for around $158.7 million. Econ had around $88 million in net sales in its most recent fiscal year.
By Elias SchisgallAlamo Group has acquired Econ Engineering Group, a U.K.-based manufacturer of trucks and equipment for roadway maintenance, for around $158.7 million.Alamo said that Econ, which had net sales of around $88 million in its most recent fiscal year, would expand its industrial equipme…