Titan Machinery Inc. announced today that effective August 14, 2009, it has closed on the purchase of assets of Lickness Bros. Implement Co., a Case IH brand agriculture dealership in Britton, S.D.
Lickness Bros. Implement Co. is strategically located in the fertile James River Valley of northeast South Dakota, between Titan Machinery's Lisbon, N.D. and Aberdeen, S.D. stores. Lickness Bros. Implement Co. generated approximately $1 million in its most recently reported fiscal year by focusing primarily on parts and service sales. Titan Machinery believes by adding a more diverse equipment selection, this store will greatly increase its overall revenue in a short period of time.
David Meyer, Titan Machinery's Chairman and CEO, states: "For years we have had requests from the Britton area farmers to open a store in Britton, S.D. This is a good example of how Titan Machinery is investing in rural communities to grow the Case IH Brand and improve parts and service support for new and existing customers. We will build on the more than 50 years of Case IH heritage founded by the Lickness and Anderson families and are excited about expanding the Case IH business in this Britton market."