Winnipeg's Buhler Industries, which makes Versatile tractors, Farm King augers, and other farm implements, will be privately owned by a Turkish firm under a proposed deal.
Tag Archives Versatile
Buhler Industries going private
Winnipeg tractor and implement maker will be delisted from the TSX
Başak Traktör of Turkey looks to move Versatile brand forward
Buhler Industries announced the Turkish firm had bought its majority stake
“One of the keys for us was making sure we found a partner that was committed to preserving the Versatile and Farm King brands,” said Adam Reid, VP of sales and marketing at Versatile. “We wanted to make sure the viability of the plant here in Winnipeg and our staff was secure. And taking care of all of our stakeholders, the suppliers, shareholders.”
Buhler books bigger profit as supply chain issues pass
Company now seeking 'long-term investment partner'
The maker of Versatile tractors and Farm King equipment says the supply chain issues that have pressured its quarterly bottom line have begun to clear. Winnipeg-based Buhler Industries on Aug. 14 reported net income of $16.1 million on $67.6 million in revenue for its second quarter ending June 30, up from $1.1 million on $57.8 […] Read more
Versatile tractor maker’s majority owner boosts stake
Russia's Rostselmash raises ownership to almost 97 per cent
The Russian farm equipment manufacturer which held just over 80 per cent of Canadian tractor and equipment maker Buhler Industries has now taken up near complete ownership. Winnipeg-based, publicly-traded Buhler Industries announced Wednesday that Combine Factory Rostselmash has bought another 16.3 per cent of Buhler shares for $3 per share, or about $12.25 million. Buhler, […] Read more
Versatile to move tillage equipment work to Winnipeg
Buhler to halt production at Vegreville next fall
The company that makes Versatile tractors and tillage equipment is set to consolidate those product lines at its plant in Winnipeg, pulling the work out of its plant in east-central Alberta. Farm equipment maker Buhler Industries announced Friday it will halt production at the former Ezee-On manufacturing plant at Vegreville, Alta. in September 2021 and […] Read more
Buhler to halt Farm King manufacturing at Fargo
Work to move to company's Minnesota plant
Farm equipment maker Buhler Industries plans to gather its U.S. manufacturing work into one plant in Minnesota this summer and halt operations at nearby Fargo, N.D. The Winnipeg company, whose product lines include Versatile tractors and sprayers and Farm King application, tillage and hay equipment, said Monday it’s “optimizing” its U.S. production to boost efficiency […] Read more
Buhler to build bigger Kubota tractors in Winnipeg
Kubota’s highest-horsepower tractors yet for the North American farm market are going to be made in Canada. Winnipeg manufacturer Buhler Industries, the maker of Versatile tractors, on Thursday announced a “long-term” original equipment manufacturer (OEM) deal with Japan’s Kubota Corp. to “develop and produce a new tractor platform in the mid-range front-wheel assist segment.” For […] Read more
Buhler cutting overhead to boost margins
Tractor and farm equipment maker Buhler Industries has added financing from its majority owner to a regime of cost cuts in a bid to lift its quarterly results out of the red. Citing “depressed” sales due to “weak” commodity prices, the Winnipeg company on Thursday booked a net loss of $4.4 million on $57.3 million […] Read more
Morriss, Pakosh, Streichs named to ag hall of fame
The Manitoba farmers who developed the rotary separator for combines, the co-founder of Versatile and the long-time editorial director for the website you’re reading are bound for Manitoba’s Agricultural Hall of Fame. The hall of fame on Monday unofficially announced its 2018 group of inductees, ahead of its annual meeting Wednesday in Portage la Prairie […] Read more
Equipment firm Buhler’s year-end ledger improves
Improved sales in the North American market have helped push the 2017 results for Canadian farm equipment maker Buhler Industries back into the black. The Winnipeg-based company, which makes Versatile tractors and Farm King implements, on Friday booked year-end net income of about $500,000 on gross revenue of $312 million, up from a $2.7 million […] Read more
Canadian Cattlemen Presents: Depth of Field
