WINNIPEG, Feb. 7 /CNW/ - Buhler Industries Inc (TSX: BUI) continues to fulfill its plan to become
a full-line equipment manufacturer. The company has purchased the
assets of Ezee-On Manufacturing, an Alberta-based precision seeding and
tillage manufacturer, for $14.5 million, from TerraVest Income Fund
(TSX: TI:UN). Ezee-On is known for building durable and reliable
products such as air drills and air carts, offset and tandem discs,
post-pounders and front-end loaders.
"The acquisition of Ezee-On is another step in the process of becoming a
full-line equipment manufacturer," explains Dmitry Lyubimov, President
of Buhler Industries. "Our goal is to be able to offer a complete line
of equipment to large acre growers in North America and around the
world. Tillage and seeding equipment is essential for that growth."
Ezee-On has been manufacturing farm equipment for more than 50 years and
has a history of developing products that are well-built and durable.
The product line has expanded through the years and now includes a
well-rounded portfolio of tillage tools, including air drills and air
carts that are known for accuracy and reliability. The line of offset
and tandem discs, both for agriculture and construction, have developed
a reputation for being heavy-duty and capable of handling the toughest
field conditions. The post driver is an excellent addition to the Farm
King product group.
Additional resources will be dedicated to research and development to
further develop the products built at the Ezee-On facility to meet the
growing demands of the Versatile and Farm King dealer network, as well
as the needs of farmers around the world. Information on these
products, which will enhance the overall product offering, will be
released on an ongoing basis.
Staff and Facility
The acquisition includes the 140,000 square foot facility on 18 acres in
Vegreville, Alberta, that employs 70 people, as well as a set-up and
distribution warehouse in Billings, Montana.
Buhler Industries Inc. (TSX: BUI) designs, manufactures and distributes
agricultural equipment. The products are marketed under the brand names
Versatile® and Farm King. Buhler Industries Inc. operates seven modern
manufacturing and nine distribution centers totaling over 1.6 million
square feet of facilities in the United States and Canada and employs
more than 800 people. For more information visit www.buhlerindustries.com.
SOURCE Buhler Industries Inc.
For further information:
Marketing Manager, Buhler Industries Inc.
Phone: (204) 661-8711