The company was placed in receivership last June, ordered bankrupt in late January and on Feb. 27 the Court of King's Bench approved the sale to 102203996 Saskatchewan Ltd. for an undisclosed price.
Tag Archives farm machinery
Buyer found for bankrupt Ram Industries assets
The Yorkton, Sask. company, along with Leon Manufacturing, went into receivership last year after more than 50 years in business
Tariffs add to ‘perfect storm’ for ag equipment dealers
Commodity prices, high inventories and interest rates already pressuring sales as U.S. now threatens more disruption
The uncertainty surrounding the threat of substantial tariffs on key U.S. trading partners has North American businesses on edge. That is especially true for agricultural equipment manufacturers and the dealers that retail their products.
CNH Industrial lowers profit forecast on slow demand for farming products
Farm and construction equipment maker CNH Industrial on Wednesday lowered its 2024 profit forecast for the second time, as slowing demand for its tractors and combines keeps hopes for a recovery in the second half of the year muted.
Large tractor sales gain ground in March
It’s too early to tell if uptick is the start of a long-term trend
In Canada, unit sales of 100+ horsepower tractors grew 2.7 per cent in March compared to the same month last year. In the U.S., unit sales of the same machinery class jumped for the second straight month. American large tractor sales grew 3.2 per cent in March compared to year-ago numbers, following February’s increase of 2.8 per cent.
Too many tractors: As boom times fade, farm equipment piles up
Falling crop prices are leaving American agriculture equipment sellers with an excess of unsold tractors and combines. To cope with the surplus, dealers are discounting machines, suspending new orders, and even auctioning off equipment at reduced prices.
Linamar makes Bourgault buyout official
Company says it hopes to double Bourgault's business in five years
Linamar's acquisition of air-drill manufacturer Bourgault has officially gone through, the company announced yesterday.
Bobcat L95 – More horsepower and lift capacity
Glacier FarmMedia – Skid steer loaders and their tracked equivalents have become common in many farm fleets. Although they offer versatility for material handling, they do have a few design […] Read more
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.”
Bourgault becomes third shortliner acquired by Linamar since 2017
Leadership say they want to double the business of the maker of Highline equipment and Freeform Plastics
In 2017 Linamar, a company best known as an auto parts manufacturer, purchased Winnipeg-based header and swather manufacturer MacDon. It followed that up by bringing implement brand Salford into its fold in 2022. In late December the company announced it is now adding Saskatchewan-based air drill manufacturer Bourgault into its family of shortline ag equipment brands.
Buhler Industries finds new majority shareholder in Turkish firm
Saskatchewan's Bourgault Industries changes hands
It was a big week for western Canadian machinery manufacturers as Winnipeg-based Buhler industries inked a deal that will see a Turkish company purchase its majority stake, and Guelph-based manufacturer Linamar Corporation acquired Saskatchewan’s Bourgault Industries.