# Kinperium Industries acquires K-Tec and Ashland Industries

Kinperium Industries acquired a majority stake in K.A. Group, consisting of K-Tec Earthmovers and Ashland Industries, manufacturers of earthmoving scrapers and implements for construction, mining, and agriculture.

- Type: Acquisition
- Announced: 2022-01-31
- Where: Rosenort, Manitoba, Canada and Ashland, Wisconsin, USA, Canada
- Status: completed
- Products: pull-pan earthmoving scrapers, implements
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [K-Tec Earthmovers Inc.](https://endata.com/companies/22699.md) (target)
- [Ashland Industries Holdings](https://endata.com/companies/45872.md) (target)
- [Kinperium Industries](https://endata.com/companies/60908.md) (acquirer)
- [K.A. Group](https://endata.com/companies/61060.md) (partner)

## Sources

- [ktec.com](https://ktec.com/news/kinperium-industries-acquires-k-tec-ashland-equipment-manufacturers/), 2022-02-08: "Kinperium partnered with the owners and management of K-Tec & Ashland to acquire a majority stake of the company."
- [equipmentworld.com](https://www.equipmentworld.com/construction-equipment/heavy-equipment/gradersscrapers/article/15288451/kinperium-industries-acquires-ktech-and-ashland), 2022-02-15: "Kinperium Industries has partnered with the owners and management of K-Tec Earthmovers and Ashland Industries, K.A. Group, to acquire a majority stake of the pull-pan earthmoving scrapers and implements manufacturers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.