Arts Way Manufacturing Co Inc
Business Description
Art’s-Way Manufacturing Co., Inc., a Delaware corporation, began operations
as a farm equipment manufacturer in 1956. Since that time, we have become a worldwide
manufacturer of agricultural equipment, specialized modular science buildings,
pressurized steel vessels, and steel cutting tools. Our principal manufacturing
plant is located in Armstrong, Iowa.
We have organized our business into four operating segments. Management separately
evaluates the financial results of each segment because each is a strategic business
unit offering different products and requiring different technology and marketing
strategies. Our agricultural products segment manufactures and distributes farm
equipment under our own and private labels and includes the operations of our
wholly-owned subsidiaries, Art’s-Way Manufacturing International LTD, a
Canadian company (“International”) and Universal Harvester by Art’s-Way,
Inc., an Iowa corporation (“UHC by Art’s-Way” or “UHC”),
which was merged into the Company effective November 30, 2015. Our pressurized
vessels segment manufactures pressure vessels through our wholly-owned subsidiary,
Art’s-Way Vessels, Inc., an Iowa corporation. Our modular building segment
manufactures modular buildings for various uses, commonly animal containment and
research laboratories, through our wholly-owned subsidiary, Art’s-Way Scientific,
Inc., an Iowa corporation; and our tools segment manufactures standard single
point brazed carbide tipped tools as well as PCD (polycrystalline diamond) and
CBN (cubic boron nitride) inserts and tools through our wholly-owned subsidiary,
Ohio Metal Working Products/Art’s Way, Inc., an Ohio corporation (“Ohio
Metal”).
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