If you can't see the woods for the trees (or the grass, or the shrubs, or the brush) Woods Equipment has the implement, or attachment, to help. The company manufactures a broad line of mowers, as well as backhoes, posthole diggers, snow blowers, tillers, and other agricultural, light construction, and landscape implements. Most of its products are designed to be tractor attachments, but Woods Equipment also makes self-propelled mowers and loaders, and replacement parts. Brand names Woods, Alitec, Central Fabricators, Gannon, Wain-Roy, WoodsCare, and TISCO are sold via a network of dealers dotting North America. In 2011 agricultural equipment manufacturer Blount International acquired Woods.
Change in Company Type
Blount is leveraging the Woods' business to increase its own agricultural distribution channels, expand its line of tractor attachments and aftermarket parts, and bolster its manufacturing capabilities. Woods Equipment was owned by Genstar Capital, a San Francisco-based private equity firm, since 2004. Blount paid Genstar some $185 million in cash for the company in late 2011.
Along with other global manufacturing firms, Woods Equipment felt the affects of the economic crisis, but it still took the opportunity to make capital investments in its business. One such investment was technology-based with the switchover to powder coat paint lines -- the last of the three paints lines began operation in late 2010. This paint process tests to automotive industry standards, is faster than traditional wet spray application, more durable (lasting more than twice the time), achieves better paint coverage, and allows for an OEMs (original equipment manufacturers) to get color-on-demand in just 20 seconds.
The equipment manufacturing company was founded by brothers Leonard, Keith, and Mervel Wood in 1946. In 1947 the company built the first tractor-mounted rotary cutter, an adapted cornstalk shredder.
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