Hydro Mobile Restructures, Launches New Products


Canadian mast climbing manufacturer Hydro Mobile has restructured under new owner, Quebec-based AGF Group. The company has come out of the Canadian Companies' Creditor's Arrangement Act, which is similar to Chapter 11 in the United States. Hydro Mobile will remain as the same brand with the same face and products, the company told American Lift & Handlers at the recently held World of Concrete. They will focus their energies toward new areas, such as industrial markets. AGF Group is a small scaffolding company specializing in rebar and installation. It is owned by a single person and does $270 million in business a year. Read more.