Douglas Dynamics, Inc. has completed the acquisition of Henderson Products, Inc. for approximately $95 million in cash, subject to post-closing adjustments.
The signing of the definitive purchase agreement for the acquisition was previously announced on November 24, 2014.
Douglas Dynamics said the purchase strengthens its market leadership position in snow and ice control across all truck segments and creates new opportunities for growth in attractive adjacent markets. Headquartered in Manchester, Iowa, Henderson Products, Inc. is the leading North American manufacturer of customized, turnkey snow and ice control solutions for heavy-duty trucks focused on state Departments of Transportation (DOT), counties, and municipalities. Henderson's diverse product portfolio includes ice control equipment, snow plows, dump bodies, muni-bodies, and replacement parts. Henderson generated $76 million in net sales over the trailing twelve months ending September 30, 2014.
To learn more about Henderson Products, visit www.hendersonproducts.com.