January 21, 2010 (FinancialWire) — Art’s Way Manufacturing, Inc. (NASDAQ: ARTW), a manufacturer and distributor of niche agricultural machinery, equipment and services, said it has closed the acquisition of the manure spreader product line of Roda Manufacturing, Inc. At closing, Art’s Way paid around $1.189 million.

The acquired product line includes a non-commercial pull-type manure spreader and commercial spreader.

Art’s chairman J. Ward McConnell said he believes the product line, “will be earnings accretive immediately,” and “allows us to expand and round out our product line, improve our niche manufacturing leadership position, build our asset base for revenue growth and increase shareholder value.”

Iowa-based Art’s Way manufactures and distributes farm machinery niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, plows, hay and forage equipment, manure spreaders and top and bottom drive augers.

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