AmeraMex International (PINKSHEETS: AMMX) has signed a Letter of Intent to merge Cromer Equipment into AmeraMex International. The entity of the merger will be AmeraMex International, Inc. The merger of the companies will produce a pro forma revenue of $38.5 million, EBITDA of $650,000 for 2008 and a combined 60 employees. While the negotiations for the merger are underway, Cromer will place two mechanics and a sales person at AmeraMex's Chico location.
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About AmeraMex International
AmeraMex International sells, leases, and rents heavy equipment to companies within four industries: construction (light and infrastructure), shipping, mining and logging. AmeraMex's largest product line is specialized container handling equipment that enables stevedoring companies to quickly and efficiently load and offload container and general freight ships dockside. AmeraMex, with customers in North America, South America, Asia, and Eastern Europe, has over 30 years of experience in heavy equipment sales and service and inventories top-of-the-line equipment from manufacturers such as Taylor Machine Works Inc. and Terex Heavy Equipment.
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