ECHO Acquires TerraMarc Industries

ECHO Inc. announced that it has acquired the assets of TerraMarc Industries, the manufacturer of Bear Cat chippers and chipper/shredders, Lockwood potato planting and harvesting implements, and Crary agricultural equipment.

Located in West Fargo, N.D., the company will operate as a subsidiary of ECHO Inc. under the name Crary Industries, Inc. The company's 2005 sales were in excess of $35 million, with employment of 180 people. President Chuck Crary, founder of Crary Company, predecessor company to TerraMarc Industries, will continue to lead the organization.

"The Bear Cat line of products complements our current line of high performance outdoor power equipment," says Joe Fahey, vice president of marketing for ECHO Inc. "Our common channels of distribution and focus on product quality will strengthen our offering to the markets we serve."

The Lockwood brand of potato equipment is highly respected worldwide since the 1930s, and Crary's agricultural products are well known for providing increased harvesting efficiency, the company says.

"These popular agricultural brands add strength and diversity to ECHO's overall product portfolio," adds Fahey. "ECHO is fully committed to seeing these brands continue to grow in their respective markets."

 
Terms of the sale were not announced.