Prinoth will acquire 100% of the capital of Jarraff Industries
Prinoth announces its agreement to acquire 100% of the share capital of Jarraff Industries. Prinoth is a manufacturer of snow groomers, tracked vehicles and vegetation management equipment. While Jarraff is a manufacturer of tree clearing and maintenance equipment.
“Jarraff is a perfect addition to the HTI family. We treasure companies like Jarraff who live the values we consider essential such as innovation, sustainability and dedication. said Anton Seeber, chairman of the HTI Group which includes industrial companies such as Leitner-Poma of America, Prinoth, Demaclenko and Leitwind.
Thus, Jarraff Industries brings a line of equipment that Prinoth hopes will enhance and complement its existing product line.
Prinoth’s existing range of vegetation equipment includes five models of Raptor mulcher carriers. These include the Raptor 300, 300r, 500, 800 and RT 400. In addition, Prinoth offers six shredder models. These include the M450m, M500, M550m, M650m, M700 and FM900.
Klaus Tonhäuser, President of the Prinoth Group, said: “This acquisition confirms PRINOTH’s commitment to investing and growing its presence in the specialist off-road equipment sector. This better positions PRINOTH in the high-demand segment of rights-of-way and utility maintenance. Jarraff’s specialty product portfolio and strong presence in these critical market segments will provide our customers with access to industry-leading products backed by our brand, distribution and manufacturing experience.
This acquisition will certainly expand Prinoth’s reach in the forest industry. Jarraff’s flagship product, the Jarraff Trimmer, is available in three ground contact configurations. All of these configurations reach a height of 75 feet. Additionally, a mini version is available that reaches up to 55 feet.
Additionally, Jarraff’s Linebacker series of brushcutters may be suitable for Prinoth shredders.
Alessandro Ferrari, CEO of Prinoth Tracked Vehicles and incoming CEO of Jarraff Industries, continued, “Jarraff’s products offer the industry’s safest and most efficient solution for clearing and maintaining utility rights-of-way. Additionally, Jarraff’s culture of working closely and responding quickly to customer requests is a perfect fit with Prinoth’s customer-centric and agile culture.