Time Manufacturing completes Ruthmann acquisition
By Euan Youdale15 February 2021
Time Manufacturing Company has completed the acquisition of Ruthmann
US-based Time, manufacturer of Versalift, Aspen Aerials and BrandFX products first announced the acquisition of vehicle mount and spider lift producer Ruthmann 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 realise 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, 15-17June, 2021; and The Utility Expo, Louisville, Knetucky, US, 28-30 September.
See the interview with Rolf Kulawik in the soon to be published January-February issue of AI, in which he talks about the deal and the truck mount market.