Regina ag implement maker Degelman Industries has bought into the grain bagging and grain milling equipment business with a deal for Alberta manufacturer Renn Mill Center.
Degelman, in a release Thursday, said it recently bought the Lacombe, Alta. company for an undisclosed sum and will keep Renn’s existing employees and management in place.
In business for about 60 years, Renn’s product lines include grain baggers, grain bag unloaders, roller mills, hammer mills and bagger mills, which it sells through dealers across Western Canada and exports to over 25 countries including the U.S., U.K., Australia and Ireland.
Read Also
Dryness poised to threaten Saskatchewan crops
Crops in Saskatchewan are developing in opposite directions, the province’s latest crop report said. Growing conditions in the province vary, with some areas receiving enough rain while other locations are experiencing crop stress due to hot, dry conditions.
Renn also serves as the Western Canada distributor for U.S. manufacturers including Wisconsin forage equipment maker H+S Manufacturing, Kentucky-based Ideal Post Pounders and Iowa grain conveyor maker Uni Tube.
Degelman, whose product lines include tillage equipment, granular applicators, rock pickers, heavy harrows, land rollers, rotary mowers, manure spreaders and bulldozer blades, noted in a statement last month that it’s had a “trusted supplier” relationship with Renn since 2008.
Degelman, which started in 1962 with farmer Wilf Degelman making rock pickers at Raymore, Sask., now has manufacturing plants at Regina and at Hillsboro, N.D., about 60 km north of Fargo. The addition of Renn’s Lacombe plant brings Degelman’s total staff complement from over 400 to over 500.
“This is a very exciting opportunity, and we look forward to welcoming (Renn) as a partner that aligns with our existing culture, as well as our future vision to further propel plans to grow the brand, and position for ongoing opportunities in both local communities and global markets we export to,” Degelman president Blair Flavel said in a release.
Doug Hilsabeck will remain vice-president for Renn and will “continue to work closely with Degelman to collaborate and enhance offerings and the overall customer experience,” Degelman said.
The deal “makes both Degelman and (Renn) more diversified companies while continuing to flourish as innovators and leaders in the agricultural sector on a stand-alone basis,” Flavel said. — Glacier FarmMedia Network
