K-Tec Earthmovers Inc. (K-Tec) announced its merger with Ashland Industries (Ashland). The merger of these two earthmoving equipment manufacturing companies creates one of the largest companies in the industry.
The newly merged organizations will be headquartered in Rosenort, Manitoba, Canada and led by Mikhail (Mike) Palitsky, president of K-Tec. The combined business will have manufacturing and service locations in both Rosenort, Manitoba, Canada, and Ashland, Wisconsin, United States.
The merger of the companies will allow them to offer the broadest product line of earthmoving scrapers in the industry with the largest geographic footprint of dealers in the U.S. to provide exceptional service coverage. The combination will provide shorter lead times for customers and accelerated product design and introduction. There will be no management changes at either company as a result of the merger.
“In the weeks leading up to the announcement, the K-Tec and Ashland teams met several times and it was apparent that all of us could not be happier with the “fit” of the two companies. We share a similar vision for the earthmoving industry and are very proud to unite our families of earthmovers under one umbrella. I want to reassure our dealers and customers that we will not be making any changes to the 2020 sales programs and product offerings. We look forward to meeting with our dealership network to gain their feedback on their needs for the future, and how we can help them each succeed.” said Palitsky.