Kubota Corporation announce the completion of its agreement to acquire Great Plains Manufacturing, based in Salina, Kansas.
Following its purchase of the Kverneland Group in 2012, Kubota has now entered into an agreement to purchase tillage and seeding manufacturer Great Plains, based in Salina, Kansas.
When finalised (expected in July), the $430million purchase (subject to provisions of the share purchase agreement) will expand the company’s long-time partnership with Great Plains’ amenity equipment brand, Land Pride, and will include all five Great Plains divisions with multiple facilities in Kansas and a manufacturing plant in Sleaford, England (formerly Simba).
Since 2007, Kubota has worked closely with Land Pride, which manufactures grounds maintenance equipment such as mowers and rototillers, to provide implements to Kubota dealers and customers across the U.S. and Canada.
President and CEO of Kubota Tractor Corporation, Mr Masato Yoshikawa said; "This acquisition aligns with our long-term strategic vision to continue our market expansion.”
For the foreseeable future, all five Great Plains divisions will continue to operate as they have been with no change to manufacturing, distribution or dealer network, says the firm.
Senior vice president of sales, marketing and product support for Kubota, Todd Stucke said; “We intend to respect the distinctiveness of the brands, trademarks and operational strengths."
As for the overlap with Kverneland products, Dai Watanabe, president and CEO of Kverneland Group is convinced that the acquisition of Great Plains Manufacturing will provide positive collaborations on the implement side within the Kubota Group. He said; "We see this as a great opportunity to further strengthen the product line-up and customer values through proactive cooperation between the two sister companies"
Roy Applequist, Great Plains’ founder and chairman will remain on the leadership team to help guide operations and facilitate the transition. Partnering with Mr Applequist in overseeing and managing the transition will be Linda Salem, president of Great Plains Manufacturing. She said; "I’ve worked collaboratively with Kubota for over 10 years, which has allowed us to create a foundation for a strong working relationship."
The partnership further builds on Kubota’s presence in Kansas where the company recently announced the establishment of its North American Distribution Center in Edgerton, Kansas, which serves as the primary distribution hub for Kubota parts and whole goods distribution across the U.S. and Canada.
It now remains to be seen what Kubota will do next. With Kverneland and Great Plains it has a full line-up of implements, all it needs now is some big tractors to handle them.
Great Plains Manufacturing was founded in 1976 and employs over 1,400 people in eight Kansas communities and Sleaford, England.
It encompasses five divisions; Great Plains Ag, which manufactures seedbed preparation, nutrient application, and seed placement equipment; Land Pride, which manufactures grounds maintenance equipment; Great Plains International, which sells the company’s products worldwide; Great Plains Trucking, which operates a nationwide fleet of flatbed trucks; and Great Plains Acceptance Corporation, which finances the company’s products.