Time Manufacturing completes Ruthmann acquisition
By Euan YoudaleFebruary 15, 2021
U.S.-based Time Manufacturing, manufacturer of Versalift, Aspen Aerials and BrandFX products, has completed its acquisition of vehicle mount and spider lift producer Ruthmann.
The sale was first announced in January.
“Ruthmann brands stand for quality and reliability, and we are delighted to partner with Ruthmann to grow our respective businesses together,” said Curt Howell, CEO of Time Manufacturing Company. “Together, Time and Ruthmann offer complementary products and services which allow both companies to better serve and to meet the demands of our global customers.”
Rolf Kulawik, managing director of Ruthmann, headquartered in Gescher-Hochmoor, Germany, added, “This acquisition brings together two complementary work truck and high access equipment manufacturers, expanding our product offerings, and better serving our customers.
“We look forward to partnering with the Time team to realize the many opportunities that the combination offers both employees and customers alike.”
Time went to say that the acquisition of Ruthmann was a significant step forward for the continued development of products lines for the telecommunications, electric utility and other essential services around the world. “Time has international operations which represents a remarkable opportunity to expand and promote Ruthmann brands to a broader global audience.”
The company will showcase its product lines across all brands at The APEX Show, Maastricht, Netherlands, June 15-17, 2021; and at The Utility Expo in Louisville, Kentucky, September 28-30, 2021.