International Equipment Solutions (IES) has acquired, through an indirect, wholly-owned subsidiary, CWS Industries (Mfg) Corp. This is the fourth acquisition by IES since its formation. IES was formed in September 2011 as a platform for investments serving the construction, agriculture, landscaping, infrastructure, recycling, demolition, mining, and energy industries. IES’ first two acquisitions occurred in September 2011 when the company acquired Paladin Brands Holding, Inc and Crenlo LLC from Dover Corporation. In November 2011, Stephen Andrews was retained as Chief Executive Officer of IES to lead the integration of the first two acquisitions and to aggressively grow and globalise the company. As part of its globalisation strategy, IES acquired Siac do Brasil, a manufacturer of cab enclosures in Brazil, in June 2012. CWS is a leading manufacturer of highly engineered attachment products, including tire manipulators, cable reelers, grapples, buckets and various large excavator attachment products.