The Charles Machine Works Acquires HammerHead Trenchless Equipment
The Charles Machine Works Inc. (CMW), manufacturer of Ditch
Witch underground construction equipment, has acquired 100-percent ownership of
HammerHead Trenchless Equipment, manufactured by Earth Tool Co. (ETC) of Oconomowoc, Wis.
This acquisition makes ETC a wholly owned subsidiary of CMW. Hammerhead designs
and manufactures piercing tools, bursting systems, pneumatic hammers and
horizontal directional drill tooling.
"Our decision to acquire HammerHead/ETC was based on our long-term, strategic commitment to grow our core business," says Tiffany Sewell-Howard, CEO of CMW. "We plan to fully leverage HammerHead's products and expertise to strengthen our position in the water and sewer rehabilitation markets globally."
HammerHead/ETC and the Ditch Witch organization both have expressed confidence that the acquisition will ensure long-term sustainability. "Both companies have spent years developing customer confidence in our brands," says Brian Metcalf, CEO of ETC. "Joining together reaffirms a commitment customers can depend on."
"Our decision to acquire HammerHead/ETC was based on our long-term, strategic commitment to grow our core business," says Tiffany Sewell-Howard, CEO of CMW. "We plan to fully leverage HammerHead's products and expertise to strengthen our position in the water and sewer rehabilitation markets globally."
HammerHead/ETC and the Ditch Witch organization both have expressed confidence that the acquisition will ensure long-term sustainability. "Both companies have spent years developing customer confidence in our brands," says Brian Metcalf, CEO of ETC. "Joining together reaffirms a commitment customers can depend on."
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