Husqvarna has signed an agreement to acquire the assets of Dixon Industries, Inc., a subsidiary of Blount International Inc.
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Dixon manufactures zero-turn riding lawnmowers for both professional users and private consumers. In 2005, Dixon had sales of $ 54.4 million and an operating income of $ 3.1 million.
The acquisition will strengthen Husqvarna’s position in the U.S. market within the growing Zero-turn segment. Dixon’s products, brand and distribution network complement the Group’s existing operation in North America. Production of Dixon products will be transferred to the Husqvarna plant in Nebraska.
The acquisition is expected to be completed at the end of July, and is not expected to have any major impact on Husqvarna’s financial position. The operation will be included in the Group’s Professional Products business area.
“Dixon is a well-known brand with strong distribution in the servicing dealer channel,” says Bengt Andersson, President and CEO of Husqvarna. “By combining our two operations we can achieve substantial synergies in product development and manufacturing.”