Alamo Group Inc. (ALG) has completed the acquisition of Ring-O-Matic, Inc., a leading provider of industrial vacuum excavation equipment.
The purchase was funded with existing cash on hand.
It is subject to customary net working capital closing adjustments.
Jeff Leonard, President and Chief Executive Officer of Alamo Group Inc., stated that this acquisition aligns with their strategy of growing market share through acquiring successful businesses that enhance their current product offering.
