Terex Construction, a business segment of Terex Corporation (NYSE: TEX), continues to develop alternative channels to market by entering into a private-label agreement with Vermeer Corporation on September 25, 2013.
Terex will provide Vermeer with a forestry compact track loader specifically designed to work in Vermeer's applications.
“This agreement represents a good opportunity for incremental volume to better leverage our manufacturing operations in Grand Rapids, MN, and drive additional operational efficiencies through our production and supply chain,” said Dean Barley, vice president and general manager, Terex Construction Americas and Global Aftermarket. “We’re proud to be recognized for our quality and support and are pleased to assist in meeting the equipment needs of others in our industry."
The Terex Grand Rapids facility manufactures a full line of Terex compact track loaders and skid-steer loaders.