TREAD CorporationTC

In May of 2008, Paul Laud and Colby Collier of Laud Collier & Company, LLC, a New Jersey-based private equity firm led an investor group in the acquisition of Tread Corporation, a world leader in the manufacturing of bulk handling and processing equipment for the explosives industry. Investors in Tread include Gladstone Investment Corporation, Argosy Partners and management. Founded in 1957, Tread offers half a century of service and solutions to an international customer base by providing complete explosives storage, handling and delivery systems. Tread’s product line includes bulk explosives trucks, storage bins, storage magazines, rail car unloading facilities, mixing plants and emulsion manufacturing plants.

R. Barry Uber will serve as Executive Chairman of Tread’s new board of directors. Mr. Uber was formerly a corporate officer with Ingersoll Rand Corporation and also served as the President of Ingersoll Rand’s Construction and Mining Equipment Group.

Bill McClane, previously Group President with Terex Corporation has joined Tread as its new Chief Executive Officer. “Tread is led by a great team, with an excellent reputation for quality, service and innovation,” notes McClane. “The company is well positioned to provide highly specialized handling and processing equipment to the extractive industries.”

“This change in ownership brings new talent to add needed capacity and capability, and a fresh look at ways Tread can serve the explosives industry” notes Tom Watts President of Tread. He added, “Our customers have more opportunities today than I have seen in my 33 year involvement with the industry.  We want to be part of their future growth, providing products and solutions to meet their needs.” 

Jim Cole will serve as Vice President of the company.

 

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