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Material Handling Headlines

AmeraMex, a provider of heavy equipment to infrastructure construction, stevedoring and mining companies, today announced that the company has signed a letter of intent to merge Cromer Equipment, a private material handling company based in Oakland, CA, into AmeraMex International. AmeraMex International, Inc. will be the name of the new entity.

The merger of the two companies will produce pro forma revenue of $38.5 million, EBITDA (earnings before interest, tax, depreciation and amortization) of $650,000 for calendar 2008, and a combined 60 employees. Corporate headquarters will remain in Chico, CA, with locations in Oakland, Santa Rosa and Sacramento, CA.

Read the whole story at SOA World Magazine.

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