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Edison and Chmielewski said some small-scale layoffs were anticipated.

"Though it didn’t completely blindside us — a reduction of this magnitude did," Edison said.

"The more people who volunteer — less people will be forced out," Edison said.

Paring the workforce likely will mean less machinery manufactured, Edison said. "Production will go down accordingly, I’m sure. It goes hand in hand."

Paladin announces acquisition of Magnum Systems Inc.

Paladin recently announced the completion of its acquisition of Magnum Systems Inc., effective December 28, 2006. Magnum, located in Tampa, FL, is a leading manufacturer of mulching attachments for use in land clearing, right-of-way clearing and site development. Its attachments are designed for applications on a broad array of skid steer, excavator and wheel loader equipment. John Edwards, the company’s founder, has been appointed to serve as a consultant with Paladin following the acquisition.

"We are very pleased to announce the addition of Magnum’s market-leading mulching attachments to Paladin’s current line of 12 leading attachment brands," stated Paladin’s President and CEO, Bill Van Sant. "Magnum’s innovative products will significantly expand the company’s family of attachments that specifically target the land clearing and site development niches of the markets we serve. Currently, these attachments are manufactured and distributed as Bradco brand products at the company’s Light Construction Equipment facility located in Delhi, IA. Design and manufacturing of Magnum products has already been relocated to this facility," he said.