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Alamo Group Closing Sioux Falls Plant

Mon, 10/24/2011 - 5:37am

SEGUIN, Texas (AP) — Alamo Group Inc., which makes road maintenance, industrial and farm equipment, said Friday that it will close a plant in Sioux Falls, S.D., eliminating 77 jobs there.

The company, based in Seguin, Texas, said it will consolidate the operations into its facility in Gibson City, Ill. The Sioux Falls plant makes products for its SMC agricultural brand.

The company did not disclose a reason for the move but said the transition will be complete in early 2012.

Alamo sells its products under a variety of brands. The company said the plant closure will result in a pre-tax restructuring charge in its fourth quarter of approximately $700,000. The company is also looking at options for the sale of the SMC plant.

The company said a Sioux Falls factory of Tiger Corp., another of its brands, is unaffected by this change.

Shares of Alamo rose 87 cents, almost 4 percent, to close Friday at $22.80 as the broader market rose.

 

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