April 1, 2010 (FinancialWire) — Art's Way Manufacturing, Inc. (NASDAQ: ARTW), a manufacturer and distributor of niche agricultural machinery equipment and services, said it has purchased a 15,000 square foot production facility that the company had been leasing to produce portable grain augers in Salem, South Dakota.

The company closed on the plant purchase on March 29, 2010 and paid around $194,000.

Art’s Way executive chairman J. Ward McConnell, Jr. said, "The auger business opened up to us with the closing of the Feterl business and the purchase of this facility is a smart and cost effective move for us.”

He added that the facility has allowed Art’s to offer a line of 8," 10" and 12" diameter Commercial Top Drive Augers as well as Commercial Swing and Galvanized Commercial Swing Drive Augers in lengths from 34 feet to over 120 feet.

The company said that, as of March 31, its auger backlog stands at $2.8 million.

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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