David Hammond Tabbed to Lead American Augers
Charles Machine Works CEO Tiffany Sewell-Howard has named David Hammond as American Augers general manager, during a Dec. 3 event at the West Salem, Ohio facility marking its first day of operation under the CMW name.
CMW chief operating officer Rick Johnson was also on-hand, offering opening remarks to American Augers employees. Hammond will report to CMW chief operating officer.
CMW announced on Nov. 1, 2012, that it had entered into a formal agreement with Astec Industries Inc. to purchase American Augers and certain Trencor products for a cash purchase price of $55 million. This acquisition will be finalized before the end of 2012.
“For the past several years, we’ve focused on our vision of becoming the CMW family of companies, the authority in the underground construction business. This addition is a great step toward that vision,” said Sewell-Howard.
“The strength of the American Augers team was a determining factor in our decision to acquire the company. Going forward, we will look at how we can leverage the entire CMW family of companies to help these brands be even more successful,” she said. “The addition of American Augers and Trencor product lines expands CMW’s presence in the underground construction industry by providing additional capabilities for installing underground pipe and cable and entry into new markets.”
The American Augers product line includes seven horizontal directional drilling models ranging from 60,000 to 1.1 million lbs of pullback, seven sizes of auger boring machines, five fluid mixing systems and downhole tools and accessories. Trencor products include six heavy-duty rock trenchers ranging from 250 to 1,600 horsepower with trenching capabilities to depths from eight to 35 ft. American Augers vertical drills (GEFCO) and Trencor road milling equipment were not part of the CMW acquisition.
American Augers and Trencor will operate as a separate entity, yet leverage the synergies of the entire CMW family of companies. The full American Augers product line will continue to be produced in Ohio, and production of the Trencor products will eventually transition from Louden, Tenn., to the West Salem, Ohio facility.
