Douglas Dynamics, the North American leader in the design, manufacture and sale of snow and ice control equipment for light trucks, has acquired the assets of TrynEx Inc., a manufacturer of truck-mounted salt and sand spreader equipment under the brand name SnowEx. TrynEx also provides turf application and industrial attachment products under the brand names TurfEx and SweepEx.
The acquisition price was $26 million. Acquired assets include TrynEx’s full line of product offerings and access to TrynEx’s network of about 1,500 authorized dealers worldwide spanning 26 countries.
“Today’s announcement is incredibly positive for both Douglas Dynamics and TrynEx and strengthens our position as a market leader in both snow and ice-control solutions,” said James Janik, president and CEO of Douglas Dynamics. “This transaction represents an opportunity for Douglas Dynamics to further enhance our product portfolio and expand the breadth and depth of our capabilities in snow and ice control, while also exploring our reach to new geographies.”