October 18, 2004

Allied Systems Acquires Assets of J.A. Freeman & Son, Inc.

Allied Systems Company purchased the assets from the 115 year-old J.A. Freeman & Son, Inc., manufacturer of modern hay baling and hay handling equipment.

Allied Systems Company, a Portland, Oregon based leader in the engineering and manufacturing of specialized heavy lift and material handling equipment has announced the purchase of the assets of J.A. Freeman & Son, Inc., manufacturer of hay baling and hay handling equipment, also based in Portland.

As the official acquisition took place on October 15, 2004, Allied and Freeman employees worked diligently on the transition through the weekend, insuring nearly instant transfer of all service parts and support for immediate filling of current Freeman parts orders. All Freeman production inventory and products will be transferred to Allied’s Portland facilities within the week.

Allied’s newly-acquired Freeman product lines include pull-type, in-line, and big balers, in addition to bale stackers, bale wagons, feeders and compressors for the hay and forage marketplace. Freeman product lines also include de-watering and baling equipment for the pulp and food processing industries.

The Freeman Company was founded in 1889 by John Ambrose Freeman, originally selling supplies, hardware and implements to farmers in the Willamette Valley and Western Washington. The newly-acquired company presently manufactures and distributes their advanced line of hay baling and hay handling equipment throughout the world to customers on six continents. Freeman products are widely known for exceptional reliability, ruggedness, and easy maintenance.

Allied Systems Company is an industry leader in the engineering and manufacturing of specialized heavy lift and material handling equipment. Allied’s diverse product lines include marine cranes, Wagner log stackers, coal and chip dozers, Ranger skidders, Allied winches (formerly Hyster winches), and Long Reach forklift attachments. Each product line is a leader in its respective field and is widely distributed through its own independent dealer network. Allied intends to continue distribution of the newly acquired Freeman product lines under the Freeman name and through existing distributor networks.

“The Freeman products fit well into Allied’s current business structure,” said Lew Rink, Allied’s President. “With Allied’s strong emphasis of engineering and product support, combined with our modern manufacturing facilities, we will continue growth of the Freeman name in the world’s marketplace.”

Allied’s success and reputation is built on listening to its customers and responding to their needs with the necessary engineering, manufacturing, and service, resulting in superior quality products and loyal customers. Allied offers a considerable dealer support network, in addition to e-commerce, acclaimed service and support, and an exemplary parts fill-rate.

For more information about Allied Systems Company, please visit the website at www.alliedsystems.com or e-mail marketing@alliedsystems.com.

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