JARRAFF INDUSTRIES HAS BEEN ACQUIRED BY THE PRINOTH GROUP
Prestwick is pleased announce the sale of Jarraff Industries to the Prinoth Group. Prestwick acted as the exclusive advisor to Jarraff Industries. The terms of the transaction were not disclosed.
Jarraff Industries (www.jarraff.com) is a leading manufacturer of highly specialized right-of-way (RoW) maintenance, land-clearing, and tree-care equipment used throughout the world. Based in St. Peter, Minnesota, its customers are international, national, regional, and local RoW maintenance contractors, as well as state and local governments, utility companies, and tree-care companies. Jarraff’s flagship products are the Jarraff All-Terrain Tree Trimmer, the Mini-Jarraff Urban Tree Trimmer, and the LineBacker Brush Cutter.
Headquartered in Sterzing, Italy, Prinoth is one of the world’s leading manufacturers of snow groomers, tracked vehicles, and vegetation-management vehicles and equipment. Prinoth is part of the HTI Group (High Technology Industries), active worldwide in the markets for ropeways, snow groomers and tracked vehicles, wind energy, and snowmaking systems. HTI Group has more than 70 affiliates, more than 130 sales and service points, and counts 3,800 employees all over the world.