Alamo Group Inc. To Acquire Bandit Industries - Quick Facts

(RTTNews) - Alamo Group Inc. (ALG) announced that it has entered into a letter of intent or LOI to acquire Bandit Industries, Inc. and its related affiliates.

Alamo Group and Bandit have received approval for the acquisition under the Hart-Scott-Rodino Act. The finalization of the transaction is subject to completion of an acquisition agreement and certain other pre-closing requirements.

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