New Holland Agriculture, a division of CNH Industrial, announced today that it has entered into a definitive agreement to acquire all of the assets of precision spraying equipment manufacturer Miller-St. Nazianz, Inc., also known as Miller.
The assets of Miller acquired as part of the transaction will become part of New Holland Agriculture, building on a successful four year manufacturing and distribution partnership between New Holland and Miller in North America, according to a press release. “New Holland will bring Miller’s proven product portfolio directly into our family for further worldwide distribution which will expand crop production sales in the key markets of the United States, Canada, Australia, South Africa, Eastern Europe and beyond,” says Carlo Lambro, brand president of New Holland Agriculture.
Headquartered in St. Nazianz, Wisconsin, U.S., Miller was founded as a hardware retailer in 1899. Miller has expanded through five generations of family management to become a leading innovator of front boom sprayers. One of the most used pieces of equipment on a farm today, sprayers operate through crop fields to distribute fertilizers and pesticides in the form of droplets. Miller’s manufacturing facilities and 260 employees are supported by a worldwide distribution network.
Under the terms of the agreement, CNH Industrial N.V., through its wholly owned subsidiary CNH America, LLC, will acquire Miller’s business in its entirety. The agreement is subject to customary closing conditions, with the goal of closing before the end of the year.