K-Tec Earthmovers, Ashland Industries Merge

17 March 2020

K-Tec Earthmovers Inc. has merged with Ashland Industries.  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 Rosenort and Ashland, Wis.

K-Tec and Ashland are manufacturers of earthmoving scrapers and accessory products serving the construction, mining, and agriculture markets. K-Tec said the merger will allow them to offer the broadest product line of earthmoving scrapers in the industry with the largest geographic footprint of dealers in the United States to provide service coverage. The combination is also expected to 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, said K-Tec.

“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,” said Palitsky. “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.”

K-Tec is majority owned by an affiliate of private investment firm Owner Resource Group LLC.

STAY CONNECTED



Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

POWER SOURCING GUIDE

The trusted reference and buyer’s guide for 83 years

The original “desktop search engine,” guiding nearly 10,000 users in more than 90 countries it is the primary reference for specifications and details on all the components that go into engine systems.

Visit Now

CONNECT WITH THE TEAM
Becky Schultz Vice President of Content Tel: +1 480 408 9774 E-mail: [email protected]
Julian Buckley Editor Tel: +44 (0) 1892 784088 E-mail: [email protected]
Chad Elmore Managing Editor Tel: +1 262 754 4114 E-mail: [email protected]
Josh Kunz Power Progress Brand Manager Tel: +1 414 379 2672 E-mail: [email protected]
Roberta Prandi Power Progress International Brand Manager Tel: +39 334 6538183 E-mail: [email protected]
CONNECT WITH SOCIAL MEDIA