A.S.V. Incorporated
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Terex Completes Tender Offer for A.S.V. Inc.
rermag.com | Feb 29, 2008
Westport, Conn.-based Terex Corp. last week completed its cash tender offer for all of the outstanding shares of common stock of A.S.V. Inc. for $18 per share. The offer expired at midnight, Eastern time, Monday, Feb. 25, at which time approximately 27.1 million shares of ASV, including nearly 3.1
http://rermag.com/trends_analysis/headlinenews/terex-completes-asv-offer
Terex To Make Tracks In Proposed Merger With ASV
enr.ecnext.com | Jan 30, 2008
Terex Corp. is paying $488 million to pick up Grand Rapids, Minn.-based A.S.V. Inc., a large supplier of rubber-tracked undercarriages and construction machines. The Westport, Conn.-based buyer says the deal will add between $220 million and $250 million in revenue this year and has “tremendous
Terex to Acquire A.S.V., Inc., Maker of Compact Track Loaders
www.aem.org | Jan 14, 2008
Terex (January 14, 2008) - Terex Corporation today announced that it has reached a definitive agreement to acquire A.S.V., Inc. through a tender offer followed by a merger.
CORRECT: ASV to be bought by Terex for $18-share, $488 mln
www.marketwatch.com | Jan 14, 2008
NEW YORK (MarketWatch) -- A.S.V. Inc., the Grand Rapids, Minn., producer of rubber track loaders and accessories, undercarriages and traction products, definitively agreed to be acquired by Terex Corp. for $18 a share, or $488 million, the companies said. Terex is the Westport, Conn., producer of
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A.S.V., Inc., Incorporated
San Diego —-- Two of the most comprehensive vertical gap analysis and labor productivity benchmarks were released today by ICON Group International Ltd. on A.S.V., Inc. (NAS: ASVI).
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Datamonitor - A.S.V. Inc. - Company Research, Analysis Reports, News, Profile
A.S.V is engaged in designing, manufacturing and selling rubber track machines and related accessories, attachments and traction products. The company's products are machines which are used in the construction, landscaping, rental, forestry, and agricultural markets.
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A.S.V., Inc. Receives Safety and Health Award - Zibb.com
GRAND RAPIDS, Minn., May 20, 2008 /PRNewswire via COMTEX/ --
A.S.V., Inc. has been recognized for its Cohasset, MN manufacturing facility's safety record as a Minnesota Safety and Health Achievement Recognition Program (MNSHARP) worksite. MNSHARP is a Minnesota Occupational Safety and Health Administration (MNOSHA) Program that recognizes companies where managers and employees work together to develop safety and health programs that go beyond basic compliance with all applicable OSHA standards and result in immediate and long-term prevention of job-related injuries and illnesses. The award was presented to ASV at an award ceremony held at ASV's Undercarriage Manufacturing Facility in Cohasset, MN on May 12.
At the ceremony, ASV Chief Financial Officer Tom Karges said, "Today, we are celebrating a big accomplishment -- safety in our workplace. Safety is something we talk about a lot, but until we put it into action, that's all it is -- just talk. Actually putting safety into your daily work life is much more difficult. The award we are receiving today shows that we do much more than just talk about safety."
With its reportable and recordable accidents at 56% below the national average, ASV's Cohasset facility is one of only 30 active MNSHARP worksites in Minnesota.
Steve Sviggum, Commissioner of the Minnesota Department of Labor and Industry, presented the Cohasset plant with a certificate of achievement from MNSHARP, as well as a flag. "Safety is important. You are important. Your fellow workmates are important. It cannot be stressed enough -- safety is important," Sviggum told plant employees during the ceremony.
As part of the MNSHARP Program, ASV's Cohasset facility, has implemented a number of safety strategies, including:
-- Establishing a Lock-Out/Tag-Out Program with a written process for
each piece of equipment.
-- Writing and implementing an AWAIR Policy (A Workplace Accident and
Injury Reduction) program to provide a safe work environment, which
features training of all employees on the safe operation and
maintenance of equipment and use of personal protective equipment, and
promotion of a safe and harmonious workplace. The AWAIR program also
provides general safety rules and guidelines for hazard identification
and accident investigation, and identifies program enforcement and
loss prevention training.
-- Establishing weekly/monthly inspections of the eye wash stations,
emergency lighting, the sprinkler system, job cranes and fire
extinguishers.
-- Implementing a program for incident and accident investigation, and
for root cause identification, which leads to the implementation of
long-term solutions.
Dave Christianson, ASV Facilities Manager, credited all Cohasset employees for their hard work in making the program a success and was thankful for the consultation service of MNOSHA. "We greatly appreciate all the help and consideration we have received from these individuals," he said. "As we continue to grow we will develop new processes and procedures to insure the safety of all ASV employees."
"This speaks well of you," said Sviggum. "I want to congratulate you on this sign of success you have achieved."
About ASV
Headquartered in Grand Rapids, MN, A.S.V., Inc. designs, manufactures and sells rubber track machines and related components, accessories and attachments. ASV's purpose-built chassis and patented Posi-Track(TM) rubber track undercarriage technology is used in their Compact Track Loaders, which are known for their innovation and performance. The Cohasset plant produces the undercarriages, which are also sold to a variety of other manufacturers in nearly a dozen undercarriage configurations. For more information, please visit http://www.asvi.com.
A.S.V., Inc. is a subsidiary of Terex Corporation (NYSE: TEX), a diversified global manufacturer based in Westport, Conn. For more information on Terex, please visit http://www.terex.com.
For more information, contact:
Willow Loney, A.S.V., Inc.
800 346-5954
wloney@asvi.com
SOURCE A.S.V., Inc.
http://www.asvi.com
Tags: accident connecticut emergency environment fire health investigation manufacturer manufacturing minnesota nyse plant policy rubber standards technology texas track training writing
Companies: Terex Corp. (TEX)
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