Contact our webmaster . Michael Raine Saskatoon newsroom The small Saskatchewan town of Englefeld has had the Schulte name in its business directory since 1923. It will remain there, but for the first time in 78 years a Schulte will not own the company. On Nov. 6, Earl Schulte, Jim Carnago and their families sold Schulte Industries Ltd. to Alamo Group Inc. of Seguin, Texas. Schulte said the decision to sell was driven by a need to expand.
Expansion is expensive and requires a lot of investment.
We had to decide how to make those capital investments. Selling and letting someone else make the investment was the option we chose. He said he and Carnago had run the company for 35 years and felt it was time for a change. But maybe in a few years we can slow down a bit. These are always tough decisions when it comes to a family business.