Art's Way to Buy Universal Harvester Co.
USAgNet - 04/26/2012
Art's Way Manufacturing Co., Inc. announces it has signed a formal Letter of Intent to acquire Universal Harvester Co., Inc.
Based in Ames, Iowa, Universal Harvester is a leader in the fabrication of reels for combines.
J. Ward McConnell Jr., Chairman of the Board of Directors said, "I am very excited about the prospect of adding this well respected agricultural machinery manufacturer to our product offering. Universal Harvester, founded in the early 1940's, has an international reputation with both dealers and customers that is
without peer. The addition of the Universal Harvester group with their market focus and experience will add a strong presence and operational efficiencies in a growing niche market of pickup reels for combines and swathers."
The transaction is pending final agreement with closing expected during May 2012.