SEGUIN,
Texas, May 20, 2024 /PRNewswire/ -- Alamo Group
Inc. (NYSE: ALG) announced that on May 20,
2024 the strike that began on April
14, 2024 by unionized workers at its subsidiary, Gradall
Industries LLC, located in New
Philadelphia, Ohio (the "Company"), has ended. The
approximately 200 workers part of the International Association of
Machinists and Aerospace Workers, District Lodge 54, Local Lodge
1285, and the Company reached an agreement on a new five-year labor
agreement.
About Alamo Group
Alamo Group is a leader in the design, manufacture, distribution
and service of high quality equipment for infrastructure
maintenance, agriculture and other applications. Our products
include truck and tractor mounted mowing and other vegetation
maintenance equipment, street sweepers, snow removal equipment,
excavators, vacuum trucks, other industrial equipment, agricultural
implements, forestry equipment and related after-market parts and
services. The Company, founded in 1969, has approximately 4,350
employees and operates 29 plants in North
America, Europe,
Australia and Brazil as of March 31,
2024. The corporate offices of Alamo Group Inc. are located
in Seguin, Texas.
Forward Looking Statements
This release contains forward-looking statements that are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties, which
may cause the Company's actual results in future periods to differ
materially from forecasted results. Among those factors which could
cause actual results to differ materially are the following:
adverse economic conditions which could lead to a reduction in
overall market demand, supply chain disruptions, labor constraints,
unanticipated acquisition results, increasing costs due to
inflation, disease outbreaks, geopolitical risks, including effects
of the war in Ukraine and the
Middle East, competition, weather,
seasonality, currency-related issues, and other risk factors listed
from time to time in the Company's SEC reports. The Company does
not undertake any obligation to update the information contained
herein, which speaks only as of this date.
View original
content:https://www.prnewswire.com/news-releases/alamo-group-inc-announces-end-of-strike-at-gradall-industries-llc-302150513.html
SOURCE Alamo Group Inc.
