The Charles Machine Works Inc. (CMW), manufacturer of Ditch Witch underground construction equipment, has acquired 100-percent ownership of HammerHead Trenchless Equipment, manufactured by Earth Tool Co. (ETC) of Oconomowoc, Wis. This acquisition makes ETC a wholly owned subsidiary of CMW. Hammerhead designs and manufactures piercing tools, bursting systems, pneumatic hammers and horizontal directional drill tooling.
"Our decision to acquire HammerHead/ETC was based on
our long-term, strategic commitment to grow our core business," says
Tiffany Sewell-Howard, CEO of CMW. "We plan to fully leverage HammerHead's
products and expertise to strengthen our position in the water and sewer
rehabilitation markets globally."
HammerHead/ETC and the Ditch Witch organization both have expressed
confidence that the acquisition will ensure long-term sustainability.
"Both companies have spent years developing customer confidence in our
brands," says Brian Metcalf, CEO of ETC. "Joining together reaffirms
a commitment customers can depend on."
The Charles Machine Works Acquires HammerHead Trenchless Equipment
April 19, 2010