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Polish Tractor Manufacturer Ursus Declared Bankrupt

July 22, 2021 | Posted in Ag Equipment Worldwide

Efforts to keep in business what was once Poland’s largest tractor manufacturer have foundered as a result of Covid-related disruption and other factors that led a Warsaw-based regional commercial court to declare the business bankrupt and appoint a receiver.

Lovol's Italian Tractor Venture Appears to Have Hit Troubled Waters

February 21, 2020 | Posted in Ag Equipment Worldwide

An ambitious project to create a new European range of tractors built in Italy appears to have hit troubled waters with the news that a bankruptcy accommodation with creditors for the production element of the business has been requested by the Arbos Group’s local commercial court.

Correction: Bankruptcy Filing Shows Thurston Mfg. Sold for $7.6 Million

July 19, 2019 | Posted in Mergers & Acquisitions

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.

Bankruptcy Filing Shows Blu-Jet Sold for $7.56 Million Plus Inventory

July 18, 2019 | Posted in Mergers & Acquisitions

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.

Unverferth Announces Intent to Purchase Blu-Jet Products

July 3, 2019 | Posted in Mergers & Acquisitions

Unverferth Manufacturing Co. Inc. has announced its intent to purchase the Blu-Jet equipment assets including the wide variety of fertilizer application and tillage products from Thurston Manufacturing Co., Thurston, Neb.

Thurston Mfg. Asks Court for Permission to Hire Financial Advisor During Bankruptcy

March 21, 2019 | Posted in Equipment & Equipment Sales

Thurston Mfg., Thurston, Neb., has filed a petition with the bankruptcy court to authorize the hiring of Equity Advisors of Barrington Hills, Ill.

Following Bankruptcy Filing, Thurston Mfg. to Close Simonsen Iron Works

March 11, 2019 | Posted in Equipment & Equipment Sales

Thurston Manufacturing said it will be closing it Simonsen Iron Works facility in Spencer, Iowa, and merge its operations into its Thurston, Neb., location, according to a report in the Spencer Signal.

Thurston Mfg. Files for Chapter 11 Bankruptcy

February 15, 2019 | Posted in Equipment & Equipment Sales

Thurston Manufacturing Co., Thurston, Neb., filed for voluntary Chapter 11 Bankruptcy in the United States Bankruptcy Court in the state of Nebraska on January 23, 2019.

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[Technology Corner] Precision Farming Dealer Summit Just What the Doctor Ordered After Challenging Year

We’ve been busy over here in the Technology Corner preparing for the 10th annual Precision Farming Dealer Summit, taking place Jan. 6-7 in downtown Louisville, Ky. Skip Klinefelter, CEO of Ag Technology Solutions Group in Greenville, Ill., will be one of several speakers sharing their unfiltered perspective on the state of precision ag.

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