John Buhler, the visionary farm equipment entrepreneur who founded Buhler Industries—makers of Versatile tractors and Farm King equipment—passed away on Dec. 21. Buhler, 91, had experienced a stroke in the last few weeks, according to reporting by CBC. He originally acquired Standard Gas Engine Works in Morden, Manitoba in 1969, and renamed it Farm King… Read More
Tag: Buhler Industries
The era of Russian ownership of Buhler Industries — the makers of high-horsepower Versatile tractors and Farm King equipment — is over. Turkish manufacturer Basak Traktör says it has formally closed its purchase of 96.7 per cent of the shares in Buhler Industries from Rostselmash on Dec. 28 — eight days after the deal was… Read More
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