Senior Sales Advisor Mike Cleveland discusses distribution news following Kubota's acquisition of Great Plains Manufacturing in 2016. Great Plains Manufacturing is now the exclusive distributor of Kubota's Kverneland brand in the U.S., which was attractive for the dry new seeder. As part of the agreement, Great Plains also showed the PW100 plow at its fall shows.
Japanese farm machinery maker Kubota has announced it will be building its first European tractor factory in northern France, according to a report in the British publication Farmers Weekly.
With investors holding more than 78% of Kverneland shares agreeing to sell their holdings to Kubota by last week's offer deadline, the Japanese tractor manufacturer has all but secured control of one of the World's largest farm implement concerns.
The major shareholder of Kverneland, the Norwegian maker of farming implements, has reportedly sold its shares to Kubota, giving the Japanese tractor maker the upper hand in acquiring control of the firm.
Kubota, the Japanese maker of industrial machinery, raised its offer for Kverneland ASA to 1.62 billion kroner ($276 million), trumping counter bids from CNH Global NV (CNH) and Chery Heavy Industries Co. Ltd.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at President Trump's tariff reduction on ag equipment, the latest dealer sales forecasts, and how high input costs are keeping farmer sentiment down.
Since 1980, A&I Products has become a leading manufacturer and wholesale distributor of aftermarket replacement parts for the agricultural, turf, and industrial equipment markets. A&I Products' experience and expertise has greatly contributed to the company's reputation as a top supplier of quality, reasonably priced parts. Founded with roots as a small machine shop and repair facility, the company made the transition by manufacturing new parts to replace those that were identified as commonly needing repair. Throughout the 1980s, the company quickly garnered a reputation for offering quality parts at a reasonable price.
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