Western Illinois-based Yetter Manufacturing and Kentucky-based Martin Industries announced to dealers last week Yetter’s intent to acquire Martin, with a deal expected to close this quarter.
The acquisition, say the two ag equipment manufacturers, brings synergy from their companies’ common mission of bringing innovations to the market that improve efficiency and profitability.
Both companies grew from humble, deep roots in business, family, and innovation. Yetter has been family-owned and operated for 95 years while Martin was founded 34 years ago and led by the father son-duo of the late Howard Martin and son Steve. Both companies were profiled in the special of the How We Did It docuseries from the editors of Farm Equipment.
We checked in with Tyler Thomas from Yetter down here in Louisville.
The move combines decades of expertise, engineering excellence, and farmer-focused innovation. Yetter and Martin Industries will continue to deliver their lineup of planter attachments, fertilizer equipment, closing wheels, and more, designed to meet the evolving challenges of modern agriculture."Here just this last week, we just had a public announcement that Yetter had acquired Martin Industries. Obviously, two family, homegrown, down-to-the-earth, roots company coming together. Still going to be operating independently. But yeah, we're really excited, the growth potential, the different projects we're going to be able to work on through both companies. Still operating independently on their own, obviously. But yeah, we're very excited for it."
We’ll have more on the acquisition in the coming weeks.
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