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Gehl Company Announces Further Expansion of Yankton, South Dakota Telehandler Facility.

WEST BEND, Wis. -- Gehl Company (NASDAQ NM:GEHL), today announced a $6.5 million expansion project that was approved by the Company's Board of Directors on Friday, April 28, 2006. The expansion is in response to the continuing strength of telehandler markets and Gehl's strong performance in those markets.

The project includes a $2.2 million, 30,000 square foot expansion of the facility as well as $4.3 million in further technological production enhancements to include increased laser cutting, robotics and an entirely new paint system. When completed, in January of 2007, telehandler production capacity will be approximately 50% greater than today.

William D. Gehl, Chairman and CEO of the Company commented that "Our continued investment in the Yankton facility is a confirmation of our firm commitment to increasing our presence in the telehandler marketplace, one of Gehl's core market segments. The expansion clearly positions the Company to take advantage of ongoing growth in the telehandler markets for the foreseeable future."

Gehl currently builds 16 models of telehandlers at its Yankton facility in various product configurations ranging in capacity from 6,000 to 12,000 pounds and lift height from 34 to 55 feet.

About Gehl Company

Gehl Company (NASDAQ NM:GEHL) is a manufacturer and distributor of compact equipment for construction and agricultural markets worldwide. Founded in 1859, the Company is headquartered in West Bend, WI, with manufacturing facilities in Madison and Yankton, SD. The Company markets its products under the Gehl (R) and Mustang (R) brand names. Mustang product information is available on the Mustang Manufacturing website (www.mustangmfg.com). CE Attachments, Inc. information is available at (www.ceattach.com). Gehl Company information is available at (www.gehl.com) or contact: Gehl Company, 143 Water Street, West Bend, WI 53095 (telephone: 262-334-9461).
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Publication:Business Wire
Date:May 1, 2006
Words:295
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