Timberland Equipment Limited Announces Purchase of Certain Assets of OK Champion |
Timberland Equipment Ltd.
459 Industrial Ave.
Woodstock, ON, N4S7Z2
USA
Press release date: July 20, 2012
Woodstock, Ontario, Canada - Timberland Equipment Limited announced today that it has purchased certain assets and intellectual property of OK Champion.
The OK Champion business, located in Hammond, Indiana, has been a long time designer and manufacturer of Underground Cable Handling Equipment for the telco, sewer and electric power markets with a history dating back to 1897. Timberland Equipment's purchase of select OK Champion assets positions it and TSE International to commence the sale of certain products including power rodders, cable scrappers and reel loaders under the OK Champion brand. Engineering and manufacturing of the products will be done at Timberland Equipment's facility in Woodstock, Ontario. Timberland Equipment and TSE International are both part of The Timberland Group (www.timberland-group.com).
"The acquisition of these particular assets and intellectual property fits extremely well with The Timberland Group's long term strategy of adding complementary, highly engineered products in pulling and winching related equipment businesses. Timberland Equipment is extremely excited to add the capacity to produce these products to our portfolio as part of our plan to significantly grow our business over the next five years as the addition of these products is expected to provide Timberland with some additional unique niche market products." - Mark Gabourie, President and CEO.
Timberland Equipment Limited designs, manufactures and markets Pullers, Tensioners, Winches, Hoists and related material handling equipment for use in the Electric Utility, Construction, Mining and Marine industries. Since 1947, Timberland Equipment has sold equipment to over 50 countries throughout the world.
For further information, please contact:
Mark Gabourie
President & CEO
Timberland Equipment Limited
Tel: 519-537-6262
e-mail: mgabourie@tewinch.com
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