Sterling Bucket Truck Company in Deal with Altec Industries

STERLING  Tuesday, March 9, 2010— Altec Northeast LLC., a wholly-owned subsidiary of Altec Inc. of Birmingham, Ala., announced that it has finalized the acquisition of certain assets of Morse Manufacturing of Sterling, a supplier of aerial bucket trucks for electic utilities.

Terms of the deal were not disclosed.

Altec plans to continue using Morse’s facility in Sterling for final assembly of truck mounted aerial lifts, digger derricks, cranes and bodies for customers located in New England and Mid-Atlantic states, Altec said in a press release.

Altec Inc. is the holding company for the world’s leading manufacturer of aerial lifts, digger derricks, truck-mounted cranes and specialty equipment for the electric utility, telecommunications, contractor and tree care industries. Altec has manufacturing, sales and service facilities located throughout North America and sells and services equipment in more than 100 countries, the company said.

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