Ashland Industries Inc.

• Private
• US

Dow Jones Description

Ashland Industries manufactures high quality earthmoving (scrapers/dirtpans) equipment. These are used in a variety of industrial, agricultural and landscaping applications. We also manufacture Hydro Trash Rakes for hydroelectric facilities. At Ashland we pride ourselves in making the highest quality equipment that can handle the toughest conditions imaginable. In 2003 Ashland celebrated 50 years of manufacturing earthmoving equipment. Originally founded by Arnold Buchli in 1953, Buchli Enterprises manufactured a line of carry-all scrapers and after-market dozer blades for several dozers. Ashland native Mr. Bernard Hnath and Terrance Magnason of Grand Forks ND, purchased the company from Mr. Buchli in the late 1960's. During this time they expanded the product line to include earthmovers for agricultural applications. Ashland Industries established a relationship with Versatile Tractor Company, Winnipeg MB, to build a specialized scraper for their large four wheeled drive tractors. The popularity of large four wheel drive tractors gave way to an increased demand for larger scrapers. During the late 1970's Ashland employed over one hundred employees and was the largest manufacturer of pull-type earthmoving equipment. Growing competition and the high interest rates of the 1970's and 1980's had a dramatic effect on Ashland's sales within the agricultural market. In June of 1998 Jack Martinsen, Randy Rust and Carol Lindsey purchased Ashland Industries from Mr. Hnath and Mr...

President

Number of Employees 34

Contact Information

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