Industry News

Loftness Staff

Loftness Becomes 100-Percent Employee Owned

As of January 1, 2020, Loftness Specialized Equipment, Inc. has joined an employee stock ownership plan (ESOP). Through this change, the Minnesota-based manufacturer of agricultural and vegetation management equipment is now 100-percent employee owned.
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PFG Australia, Dealers Launch Fire Relief 2020 Program

In wake of the devastating fires burning in Australia, PFG, PFG the Deutz-Fahr Importer for America, Australia and New Zealand, in partnership with 8 primary dealership in affected areas announced the launch of its Fire Relief 2020 program in three key areas: East/North Eastern Victoria, Southern New South Wales and Hunter Region.
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Morris Industries Enters Creditor Protection, Plans Downsizing

Morris Industries has been granted an order by the Court of Queen’s Bench for Saskatchewan extending their stay of proceedings, enabling Morris Industries to continue with its efforts to restructure its business and financial affairs. This includes obtaining approval to solicit proposals from prospective strategic and financial parties to acquire or invest in the Morris Group.
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