Langbank, Saskatchewan-based SeedHawk has been bought by its Swedish manufacturing partner Vaderstad, according to a press release. The company will maintain its head office and processing facility, home to 250 employees, at Langbank.
“We see great potential in Seed Hawk. One of the keys to the North American market is local presence, and Tempo, our high-speed precision planter, is a strategically important product for reaching that market. Together with Seed Hawk’s product range we increase our chances to succeed for both companies,” says Christina Stark, CEO of Väderstad.
Väderstad and Seed Hawk first partnered in 2006, a partnership that played a role in a 700% sales increase since that time. The acquisition will lead to investment in the Langbank factory, and more job opportunities will be created to enable Seed Hawk to grow, Väderstad says. The production of Väderstad and Seed Hawk products for the North American market will be located in Langbank, Saskatchewan, for the long term.
“When Väderstad was considering investing in a North American factory, Seed Hawk management felt strongly that there was no better place to do it than Langbank, Saskatchewan,” says Pat Beaujot, Seed Hawk’s founder. “However, in order to make an investment of that magnitude, Väderstad wanted controlling interest in the company. When my partner Brian Dean and I looked at what having an even larger factory expansion in Langbank could do for our employees, our community and our province, it just made sense for us to sell. We know Väderstad will continue to build a very strong company in Langbank, as they think very long term.”
The current general manager, Peter Clarke, will become president and CEO. Beaujot and Dean will serve on the board of directors, as well. “In addition, I’m happy to say that it will be business as usual for Seed Hawk customers, dealers and suppliers as Seed Hawk will continue to be run with its core management team,” says Beaujot.