Friday, 11 April 2025 11:55

Buhler name to go

Written by  Staff Reporters
Buhler Industries, the publicly traded Versatile and Farm King equipment manufacturer, has been sold. Buhler Industries, the publicly traded Versatile and Farm King equipment manufacturer, has been sold.

Shareholders at a special meeting have approved a proposed deal that will see Buhler Industries, the publicly traded Versatile and Farm King equipment manufacturer, fully absorbed by Asko, its Turkish majority shareholder.

Although there will be no change to the brands or the dealer networks, the Buhler name is to be dropped. The new company, Amalco, is a wholly owned subsidiary of Asko Holdings, which purchased 96.7% of the shares of Buhler Industries in December 2023. Asko Holdings also owns Basak Traktor.

The company says the main reason for the change is that substantial investments are required over the next few years to modernise the Versatile tractor plant in Winnipeg and the Farm King factory in Morden, both located in Canada.

In a move to start both upgrades quickly, with limited disruptions to production, the common shares will be de-listed from the Toronto Stock Exchange and Buhler Industries will apply to cease to be a reporting issuer under applicable Canadian securities laws.

More like this

Hose runner saves time and effort

Rakaia-based equipment manufacturer Pluck’s Engineering will soon start production of a new machine designed to simplify the deployment and retrieval of temporary water troughs used in winter break feeding.

Case IH partners with Meet the Need

Tractor manufacturer and distributor Case IH has announced a new partnership with Meet the Need, the grassroots, farmer-led charity working to tackle food insecurity across New Zealand one meal at a time.

Canterbury farmer saves time with spreader upgrade

With a focus on producing their own on-farm dairy feed requirements, it would be safe to say that the Fleming family are no strangers to a fertiliser spreader on their North Canterbury farm, near Culverden.

The JAC of all trades at National Fieldays

Already causing a stir in the burgeoning ute sector, JAC (“Jack”) has raised its profile by being named as the latest major sponsor of June’s National Fieldays, where it will officially introduce its top-of-the-line T9 4WD double cab ute to the market, joining its fleet of 100% EV and Cummins diesel trucks.

New Holland combines crack 50 years

New Holland is celebrating the 50th anniversary of the introduction its Twin Rotor threshing and separation technology, which has evolved from a single model in 1975 to a range today, led by the new CR10 and CR11.

Featured

NZ growers lead freshwater compliance

Horticulture New Zealand (HortNZ) says that commercial fruit and vegetable growers are getting ahead of freshwater farm plan regulations through its Growing Change project.

Case IH partners with Meet the Need

Tractor manufacturer and distributor Case IH has announced a new partnership with Meet the Need, the grassroots, farmer-led charity working to tackle food insecurity across New Zealand one meal at a time.

25 years on - where are they now?

To celebrate 25 years of the Hugh Williams Memorial Scholarship, Ravensdown caught up with past recipients to see where their careers have taken them, and what the future holds for the industry.

National

Machinery & Products

Iconic TPW Woolpress turns 50!

The company behind the iconic TPW Woolpress, which fundamentally changed the way wool is baled in Australia and New Zealand,…

» Latest Print Issues Online

The Hound

Keep it up

OPINION: The good fight against "banking wokery" continues with a draft bill to scrap the red tape forcing banks and…

We're OK!

OPINION: Despite the volatility created by the shoot-from-the-hip trade tariff 'stratefy' being deployed by the new state tenants in the…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter