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Last week, JLG Industries Inc. announced it sold the Gradall brand of telescoping excavators to right-of-way maintenance and agriculture equipment supplier Alamo Group Inc. for $39.4 million.

Since 1999, JLG has owned the Gradall line of tilting-boom excavators, which are marketed to the railroad, mining and metal mill industries.
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The sale includes Gradall’s 430,000-square-foot manufacturing facility in New Philadelphia, Ohio, and all related equipment, machinery, tooling and intellectual property. JLG and Alamo also reached a supply agreement under which Alamo will continue to produce components for JLG’s telescoping material handlers at the New Philadelphia facility.

To manage the acquired line, Alamo named Michael Haberman Gradall president. Most recently JLG’s vice president of excavator products, Haberman has served Gradall in various capacities for more than 18 years.

“With Alamo and Gradall together, we feel we can expand our market coverage and mutually enhance our sales potential,” said Alamo President and Chief Executive Officer Ron Robinson in a prepared statement.