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Bandit Industries to be acquired

By |  November 25, 2013
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Bandit Industries and its affiliates are being sold to Alamo Group, a manufacturer of tractor-mounted mowing and grounds maintenance equipment.

Bandit was originally founded 30 years ago. Mike Morey Sr., his wife Dianne and cousin Jerry Morey, Bandit’s president, principally controlled the company. According to a press release, the Moreys will continue to be involved with the company following the sale.

Upon completion of the transaction, Bandit is expected to become part of Alamo’s North American Industrial Division. Manufacturing and operations for Bandit will remain at Bandit’s existing facilities in Michigan.

“Bandit and Alamo are a strong combination that we feel will be beneficial to both companies,” says Jerry Morey, in a press release. “Alamo shares our dedication to our customers and markets and is committed to Bandit’s continued growth.”

Adds Ron Robinson, Alamo Group’s president and CEO: “This is an exciting development for Alamo.  Bandit is a well-respected and major player in the tree care, land and utility line clearing, recycling and biomass energy markets. This acquisition would greatly broaden our presence in the area of vegetation maintenance. We believe this combination would be further enhanced by Alamo’s strong international presence.”

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