The acquisition furthers the company’s growth and product diversification strategies
WEST FARGO, N.D. (Jan. 2, 2020) – Doosan Bobcat Inc., a global leader in the compact equipment industry, today announced it has completed its acquisition of the BOB-CAT Mowers and the Steiner and Ryan brands of grounds maintenance equipment from Schiller Grounds Care, Inc.
“We are pleased and proud to welcome the BOB-CAT, Steiner and Ryan team members into the Doosan Bobcat family,” said Mike Ballweber, president of Doosan Bobcat North America. “We are bringing great people and strong brands into our organization to help further grow our business and reach more customers and markets.”
Doosan Bobcat announced the signing of a definitive agreement in December 2019 to acquire BOB-CAT Mowers and the Steiner and Ryan brands of grounds maintenance equipment, including the Johnson Creek, Wisc., manufacturing facility. Approximately 200 employees at the manufacturing facility and members of the distributor and dealer direct field sales and technical support teams will join Doosan Bobcat.
“A dedicated group has been working on the integration plans, and we are excited about what our expanded team and new brands will accomplish together,” said Ballweber. “This will position Doosan Bobcat to offer a broader range of quality products and solutions to our dealers, distributors and customers.”
The investment is part of Doosan Bobcat’s long-term, strategic growth initiatives as a global leader in the compact equipment industry, in addition to demonstrating its long-term commitment to employees and the communities in which it operates.
Doosan Bobcat was advised by law firm Barnes & Thornburg LLP, and Croft & Bender LP served as financial advisor to Doosan Bobcat. Schiller Grounds Care Inc. was advised by law firm Blank Rome LLP, and BDO Capital Advisers LLC served as financial adviser to Schiller Grounds Care, Inc.
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ABOUT DOOSAN BOBCAT INC.
Doosan Bobcat, a leading global manufacturer of construction, agriculture and landscaping equipment, attachments and services, is committed to empowering people to accomplish more. As a part of the Doosan Group, which employs 43,000 people in 38 countries worldwide, the company offers its customers products and solutions to help build stronger businesses and communities. Based in Seoul, South Korea, with its North America headquarters in West Fargo, North Dakota, Doosan Bobcat is home to world-renowned brands. This includes: Bobcat® compact equipment; Doosan Portable Power products; BOB-CAT Mowers; Ryan and Steiner grounds maintenance equipment; and Geith attachments. For more information, visit doosanbobcat.com.
ABOUT DOOSAN BOBCAT NORTH AMERICA
Doosan Bobcat North America, is the U.S. and Canadian subsidiary of Doosan Bobcat Inc. As a leading global manufacturer of construction, agriculture, landscaping and grounds maintenance equipment, attachments and services, the company is committed to empowering people to accomplish more. For more information, visit bobcat.com.
Laura Ness Owens, Vice President Marketing, Communication & Public Affairs
Email: [email protected]