The Raymond Corporation acquires Werres Corporation
The Werres Corporation is pleased to announce that effective August 1, 2016; The Raymond Corporation acquired all of the stock of the Werres Corporation. This purchase will further strengthen The Raymond brand in a key market and is a subsidiary aligned with the long-term distribution strategies of Werres and The Raymond Corporation.
Keith Burlingame has been appointed President of Werres Corporation, following the retirement of longtime Werres Corporation President, Paul Souza. Burlingame was previously director of procurement at The Raymond Corporation and brings over twenty years of general management and industry knowledge to this leadership position.
In addition, Werres Corporation will immediately increase its rental fleet with an estimated two million dollar investment. This rental fleet expansion is a proactive response to the extensive consumer growth in the Maryland and Virginia marketplace. Expected delivery for these rental fleet additions is estimated to be in late November and early December 2016, thus positioning Werres Corporation for a strong finish in Q4.
