Trailerbodybuilders 763 Meyer Plow

Swiss company buys Meyer Products, Swenson Spreader

Sept. 9, 2015

The ASH Group, a Swiss-based manufacturer of multiple truck equipment products, has acquired Meyer Products LLC and Swenson Spreader LLC.

The acquisition, which is expected to be finalized by the end of September, was announced by Andrew Outcalt, president of the Louis Berkman Work Products Company, the company which currently owns Meyer Products and Swenson Spreader.

The ASH Group is the parent company of European brands Schmidt and Aebi.  The company manufactures products for multiple markets, including rail, agriculture, and airport maintenance.  Its truck equipment lines include snowplows, spreaders, street sweepers, and control systems. 

 “We had been looking for a strategic partner with the necessary resources and expertise to help take our companies to the next level,” said Outcalt.  “We believe the ASH Group provides us the best opportunity for growth because of its applicable experience in a number of our target markets and its track record for high quality technology advancements.”

For the ASH Group, the acquisition provides a means to quickly and effectively achieve a significant footprint in the important North American snow and ice management market.

 “The synergies of the existing product lines of Meyer and Swenson, together with the innovative product solutions of the ASH Group, will strengthen the position of our new subsidiary in the North American market,” said Walter T. Vogel, chairman of ASH Group.  Meyer and Swenson will together form the ASH North American subsidiary of the ASH Group.

According to Outcalt, while the acquisition will provide Meyer and Swenson with full access to the global resources of the ASH Group, it will not impact day-to-day operations of either company. 

“It’s basically business as usual, but better,” said Outcalt.  “Our brands will continue, our management is staying in place, our North American distribution channels and agreements will remain unchanged, and all our facilities will remain in place.  In fact, we expect the creation of new jobs and expanded facilities in the future.  We believe this will be a seamless transition for our customers, the end users of our products, as well as our employees and local communities.  This was another reason for choosing the ASH Group, because their management team shares our commitment to the overall customer experience, a family-oriented work environment and support for the communities in which we live and work.”

Terms of the deal were not disclosed.