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Allis Chalmers Energy
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620Doc View Drop Down
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Joined: 11 Sep 2009
Location: Ohio
Points: 84 		Post Options Post Options   Thanks (0) Thanks(0)   Quote 620Doc Quote  Post ReplyReply Direct Link To This Post Topic: Allis Chalmers Energy
    Posted: 02 Jan 2011 at 7:27am
What is the current status of Allis-Chalmers Energy?  I read it was bought out by another company. Then heard the deal was not yet settled.  There was speculation that the name and logo could be sold. Does anyone have any insite on this?
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Points: 216 		Post Options Post Options   Thanks (0) Thanks(0)   Quote gleaner1 Quote  Post ReplyReply Direct Link To This Post Posted: 02 Jan 2011 at 8:09am
They were bought by a company called SeaWell,   the new name of the merged companies has not yet been released,  they are still being traded on the NYSE but not to sure when the deal will be final and they will no longer be an American company. 
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Points: 2008 		Post Options Post Options   Thanks (0) Thanks(0)   Quote AC WD45 Quote  Post ReplyReply Direct Link To This Post Posted: 02 Jan 2011 at 1:54pm
Has AGCO got wind of this yet?
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Joined: 11 Sep 2009
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Points: 1013 		Post Options Post Options   Thanks (0) Thanks(0)   Quote redline Quote  Post ReplyReply Direct Link To This Post Posted: 02 Jan 2011 at 2:36pm
Originally posted by AC WD45 AC WD45 wrote:

Has AGCO got wind of this yet?
I am pretty sure they have, and they don't care. Their entire ambition seems to be to become Massey Ferguson, since Massey has always been so wildly successful here in the states.......(sarcasm)
This could be a tremendous opportunity for them to save face by purchasing the rights to the name and bringing a COMPLETE line of quality Allis Chalmers equipment to the marketplace. Yeah, right. That might make too much sense for the U.S. market. We are too close to saving defeat from the  jaws of victory to do something like that.
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