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AGCO Corporation |
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Brief Description: On June 20, 1990, AGCO came into existence when four
executives from Deutz-Allis—Robert J. Ratliff, John M. Shumejda, Edward R.
Swingle, and James M. Seaver—orchestrated a buyout of Deutz-Allis's North
American operations. The seller was Klöckner-Humboldt-Deutz AG (KHD), a
German corporation and owner of the Deutz-Fahr agricultural brand, which had
itself acquired parts of the Allis-Chalmers agricultural equipment business
five years earlier. Following AGCO's formation, Robert Ratliff was appointed
as its first chairman. Initially named Gleaner-Allis Corporation, the
company's name soon evolved to Allis-Gleaner Corporation, eventually becoming
AGCO. This transition saw the Deutz-Allis tractor line rebranded as
AGCO-Allis, while Gleaner was established as a standalone brand for combines.
The Deutz-Allis brand name continued to be used in South America until 2001,
at which point it was changed to AGCO-Allis. Concurrently, in 2001, the AGCO
Allis name in North America was simplified to AGCO. AGCO began its expansion early on. In March 1991,
the company acquired Hesston Corporation, based in Hesston, Kansas. This
acquisition brought hay and forage equipment into AGCO's portfolio, along
with significant technologies like the grain auger, invented by Lyle Yost in
1947. At the time, Hesston was involved in a 50 percent joint venture with
Case International (now part of CNH Global). AGCO also purchased the White
Tractor line from Allied Corporation's White-New Idea company. Further
consolidation occurred in 1993 when AGCO acquired the remaining operations of
White-New Idea, a manufacturer of New Idea hay equipment, manure spreaders,
and White planters, with a significant manufacturing facility in Coldwater,
Ohio. |
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Year Founded: 1990 |
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Main Products: Tractors and Other Farming Machinery |
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Country of Origin: USA |
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Facebook Account: https://www.facebook.com/AGCOcorp |
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Website: www.agcocorp.com |
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Address: Duluth, Georgia, United States |
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Contact No.: +1 770.813.9200 |
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Email: N/A |
Image by Photos_by_J_Neujahr from Pixabay
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