U.S. tire and wheel maker Titan International has settled in full a put option related to investors in Voltyre-Prom, the off-highway tire manufacturing operation that Titan bought into 6 years ago.
Troxel Equipment Co. and Tri Green Tractor, two John Deere dealerships in Indiana, have announced plans to merge, creating Troxel Tri Green. The merger will go into effect Sept. 5, 2019 and the company will have 9 total locations.
Alamo Group (NYSE: ALG) announced that it has acquired the assets of the Dixie Chopper business from Textron Outdoor Power Equipment. Dixie Chopper manufactures a wide range of commercial and high end residential mowing equipment.
"With this and Blu-Jet-Unverferth news, there has been significant consolidation in strip-till market in recent weeks. When there are fewer than 15-20 and two consolidate, that’s notable," says Mike Lessiter, Editor of Farm Equipment.
Headquartered in Eldora, Iowa, USM is widely recognized as the leading manufacturer of long-lasting hammer mill components available to both OEMs and the after-market. The terms of the transaction were not disclosed.
Winnipeg, Man.-based Ag Growth International announced that it has agreed to make a minority equity investment of US$15 million in Farmobile Inc. AGI and Farmobile have also entered into a Strategic Commercial Agreement to expand the existing collaboration between the two companies.
On Thursday, July 18, 2019, Ag Equipment Intelligence incorrectly reported that Thurston Manufacturing and its line of Blu-Jet agricultural equipment had been acquired by Unverferth Manufacturing for $7,560,000.
The most recent bankruptcy petition released earlier this week shows the selling price for Blu-Jet came in at $7,560,000. The purchase is expected to close by Aug. 2, 2019, and no later than Aug. 21, 2019.
Forge Resources announced on July 1, 2019, that they had added Star Manufacturing of Freeport, Ill. to their group. This brings their total number of locations up to 6 — 5 in Ill. and 1 in Mich.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.