The parent company of Basak Traktör — an agricultural manufacturer based in Turkey — has reached a deal to acquire 97 per cent of the shares in Manitoba-based Buhler Industries from Russia’s largest agricultural manufacturer, Rostselmash. Buhler, which employs around 800 people building Versatile tractors and Farm King equipment, has been majority-owned by Rostselmash since… Read More

Winnipeg, Manitoba-based farm equipment manufacturer Buhler Industries is reporting progress on finding a new long-term investor. The company that employs around 800 people building Versatile tractors and Farm King equipment announced in July that it had hired Toronto-based Origin Merchant Partners to find an investor who is committed to “preserving the legacy of the iconic… Read More

The company that builds Versatile tractors and Farm King equipment says it’s working with a Toronto-based investment bank to find a new long-term investment partner. Without sharing many details on why, a press release issued by Buhler Industries says it has engaged Origin Merchant Partners to find an investor who is “driven by a commitment… Read More

Buhler Industries has replaced one of its Russian directors who was seen as a potential target for sanctions over Russia’s invasion of Ukraine. The company, which makes Versatile tractors and Farm King equipment, says its board of directors has accepted the resignation of Konstantin Babkin, who has served on Buhler’s board since the Russia-based farm… Read More

Update: As of late March 2, Buhler Industries has announced Konstantin Babkin, a potential target of Canadian government sanctions, has been dropped from the company’s board of directors. Read more here. Buhler Industries, the Manitoba-based farm equipment maker that is 97 per cent owned by Russian manufacturer Rostselmash, has launched a fundraiser to support the… Read More

Editor’s note: This article has been updated several times, with quotes from a statement issued by Buhler Industries on Thursday morning, details regarding new sanctions announced by the Canadian government Thursday afternoon, and quotes from Member of Parliament James Bezan. Canada’s response to Russia’s invasion of Ukraine could potentially affect Winnipeg, Man.-based tractor and farm… Read More

The previous owner and namesake of Buhler Industries has sold his remaining stake in the Winnipeg, Man.-based company to Russian farm equipment maker Rostselmash. John Buhler sold 80.4 per cent of the shares in Buhler Industries to Rostselmash for $145 million in 2007. On December 22, 2021, Buhler and Highland Park Financial Inc., which he… Read More

The only tractor manufacturer based in Canada is reporting a jump in sales in its year-end financials. Buhler Industries, which makes and sells Versatile tractors and Farm King equipment, says it saw gross revenue of $249.6 million in fiscal 2020, up from $229.1 million in 2019. The company says the increased sales were “a result… Read More

Buhler Industries is making another move to streamline production of its Farm King equipment lineup, on the heels of closing its plant in Fargo, North Dakota, in September. After moving production from Fargo to an existing plant at Willmar, Minnesota earlier this year to increase efficiency and reduce overhead costs, Buhler now plans to cease… Read More

Winnipeg-based tractor and farm equipment manufacturer Buhler Industries is shutting down one of its production facilities in the northern U.S., citing “unpredictability in the agriculture commodities market” and fluctuations in the exchange rate as reasons for the closure. The company behind Versatile and Farm King equipment says it will cease operations in Fargo, North Dakota,… Read More

Kubota Corporation has announced a partnership with Winnipeg-based Buhler Industries Inc to bring a new, high-horsepower series of tractors to the Canadian and American markets. “Our in-depth understanding of the realities of Canadian agriculture and the needs of our customers has always been at the core of what we do,” says Bob Hickey, president of… Read More

 

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