AGCO Corporation


Image by Insa Osterhagen from Pixabay

AGCO Corporation

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.

 

Year Founded: 1990                                                                  

Main Products: Tractors and Other Farming Machinery

Country of Origin: USA

Facebook Account: https://www.facebook.com/AGCOcorp

Website: www.agcocorp.com

Address: Duluth, Georgia, United States

Contact No.: +1 770.813.9200

Email: N/A



Image by Photos_by_J_Neujahr from Pixabay

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