Ohio Ag Equipment informed customers on May 17 that it was ending its distribution arrangement with AGCO. The letter to customers said the dealer and OEM mutually decided to part ways.
Ohio Ag Equipment says it is working "diligently with AGCO and Class of America to find alternative distribution and dealership options to continue to support" its customers.
AGCO and Ohio Ag Equipment will announce the replacement and successor plans for the dealership on or before July 1, 2024, according to the note.
The dealership said:
As the world of agriculture changes, so does the landscape of its suppliers. More than ever, market forces are requiring businesses to look within and focus on their core competencies, optimizing their organizations to more efficiently serve the industries that are closest to their roots in order to remain viable, relevant partners with their customer base.
