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FEBRUARY 26,
2017
WHAT
IS AGCO?
In the last
feature article we reminisced on the long journey of Allis
Chalmers becoming the foundation of Allis Gleaner Corporation
(AGCO). AGCO started out with a royal ancestry of
old tractor brands
and manufacturing businesses that AC had acquired over the years.
Since it's inception in 1990
AGCO has followed in AC's footsteps when comes to
aquisitions, but has elected to maintain several of the different brand
names it has acquired. And with the purchases of White and
Massey
Ferguson soon
after it was formed, AGCO became the ancestor of more old iron and
tractor brands.
In 1991 White Tractors were
absorbed by AGCO and a couple of years later White New Idea farm
equipment was included. New Idea
had roots dating
back to 1899 and White Tractor ancestory can
be traced to Nichols Shepard and Company in the 1850's.
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And then Massey Ferguson became
part of
AGCO in 1993/1994 bringing with it another long and rich
history dating back to the New Castle Foundry and Machine
Manufactory
in 1847.
(yes - "Manufactory" is correct)
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AGCO has
expanded worldwide by
absorbing more tractor and agricultural related companies.
And in
addition
to traditional agricultural equipment, they have became one
stop shopping for a broad spectrum of related items.
In addition to
financing they provide products for storage,
handling and processing of seed, feed, grain, milk, and
produce
including coffee and sugar cane. And most recently have
picked up a couple of poultry products manufacturers. Wholly
owned and joint venture manufacturing, training, parts and warehouse
facilities around the globe provide products to over 3100 dealers.
Brand names owned and marketed by AGCO include Challenger,
Fendt,
GSI, Massey Ferguson, Valtra, Fella, Gleaner, Sunflower and White.
With $7.4 billon dollars of worldwide sales in
2016 AGCO is still not the biggest agricultural product manufacturer
in the world, but certainly a major player.
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