Ames True Temper acquires Australian company

Manufactures wheelbarrows, cement mixers, hand trolleys, compactors and bricksaws.

Ames True Temper Australia Pty Ltd. has acquired certain assets of West Barrows Mix Pty Ltd. (Wextmix) for approximately $12.7 million.

The acquired assets include trade receivables, inventory, trade names and manufacturing assets. In addition, ATT has assumed the leases to five facilities offering manufacturing and distribution infrastructure across Australia.

"We are pleased to add great brands, such as Westmix and Kelso, to our product offering in Australia," said Duane Greenly, president and CEO, Ames True Temper. "In addition we have acquired a broad range of quality products and country-wide distribution capabilities that significantly enhance our business base in Australia. The acquisition of these assets supports our strategy to further enhance our diverse product offerings to grow our top line sales globally and to provide bottom line value to our shareholders."

Westmix manufactures wheelbarrows, cement mixers, hand trolleys, compactors and bricksaws. Westmix's 12-month sales for the period ended June 30 exceeded $16 million. ATT Australia will be headquartered in Perth, Western Australia with operations in Queensland, New South Wales, Victoria and South Australia.