The ASH Group entered into a purchase agreement to acquire all of the interests of Meyer Products LLC and Swenson Spreader LLC. Both companies are owned by the Louis Berkman Work Products Company LLC, Steubenville, Ohio, and the transaction is expected to be closed by the end of September. Both companies will provide the ASH Group with a significant footprint in the important North American snow and ice management market.
Meyer Products, a long-established company in Cleveland, Ohio, is one of the market-leading snow and ice management equipment producers in North America. The company manufactures snow plows as well as spreaders and sells them mainly to the light- and medium-duty segment of the market.
Swenson Spreader is located in Lindenwood, Illinois, and is a leading producer of communal snow and ice management equipment in the heavy-duty segment. The product portfolio includes high-performance spreaders, mounted on trucks or utility vehicles, among other products.
Meyer Products and Swenson Spreader will form together the ASH North American division of the ASH Group.