Osgood Company Acquisition
In 1955, Marion Power Shovel acquired its crosstown rival, the Osgood Company, which manufactured shovels under the Marion-Osgood and Osgood brand names. Osgood's product line complimented Marion Power Shovel's, with most of Osgood's product line focusing on shovels, cranes and draglines that were small capacity machines as opposed to Marion's line, which focused increasingly on high end strip mining draglines. Osgood also built road-ready mobile units that used Mack truck undercarriages.
Read more about this topic: Marion Power Shovel Company
Famous quotes containing the words company and/or acquisition:
“Whether lawyer, politician or executive, the American who knows what’s good for his career seeks an institutional rather than an individual identity. He becomes the man from NBC or IBM. The institutional imprint furnishes him with pension, meaning, proofs of existence. A man without a company name is a man without a country.”
—Lewis H. Lapham (b. 1935)
“Wars and revolutions and battles are due simply and solely to the body and its desires. All wars are undertaken for the acquisition of wealth; and the reason why we have to acquire wealth is the body, because we are slaves in its service.”
—Socrates (469–399 B.C.)