Douglas Dynamics finalizes TrynEx acquisition

May 7, 2013 -  By

Douglas Dynamics Inc., which designs, manufactures and sells snow and ice control equipment for light trucks, has completed its acquisition of substantially all the assets of TrynEx Inc. for $26 million.

The purchase includes TrynEx’s full line of truck mounted salt and sand spreader equipment under the SnowEx brand name, turf application and industrial attachment products under the TurfEx and SweepEx brand names, and access to the company’s network of approximately 1,500 authorized dealers throughout 26 countries.

“Today’s announcement is incredibly positive for both Douglas Dynamics and TrynEx and strengthens our position as a market leader in both snow and ice control solutions,” said Douglas Dynamics President and CEO James L. Janik. “This transaction represents an opportunity for Douglas Dynamics to further enhance our product portfolio and expand the breadth and depth of our capabilities in snow and ice control, while also exploring new growth channels across market adjacencies and expanding our reach to new geographies.”

The current Douglas Dynamics management team will remain in place and continue to lead the combined company. The TrynEx business will become a division of Douglas Dynamics and will continue to operate as usual, marketing its SnowEx, TurfEx and SweepEx brands under the leadership of its current management team.

“TrynEx is pleased to be joining the Douglas Dynamics family and we believe this is an exciting opportunity for our company to expand and grow as part of a larger organization,” said TrynEx President Chuck Truan. “Both businesses have similar core values and serve a similar marketplace through different channels, which provides us with opportunities to carve out new markets, leverage shared expertise and introduce both companies’ products to new audiences.”

 

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