Industry News

Ag-Pro Companies Acquires GreenSouth Equipment

Ag-Pro Companies of Boston, Georgia acquires GreenSouth Equipment of Thomasville, GA and its 13 John Deere dealerships in Georgia, Florida, and South Carolina. As a result of this acquisition, Ag-Pro will become one of the largest John Deere dealers in the United States with a total of 25 locations across four states.
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Orthman Manufacturing Adds Two to Its Dealer Support Network

Orthman Manufacturing has added two members to its growing dealer support network in the southern U.S. Heath Carlton is the territory manager for Arkansas, Georgia, Alabama and Missouri; Bill Adams is a product specialist for dealers throughout Louisiana, Arkansas, Missouri, Tennessee, Georgia, Alabama, Mississippi, Florida and North and South Carolina.
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AGCO's 1Q Net Sales Rise 5.7%

AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, reported net sales of approximately $2.4 billion for the first quarter of 2013, an increase of approximately 5.7% compared to net sales of $2.3 billion for the first quarter of 2012. Net income for the first quarter of 2013 was $1.19 per share.
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CNH Reports Net Sales Up 1% in 1Q

CNH Global N.V. (NYSE: CNH) today announced financial results for the quarter ended March 31, 2013. Net sales for the quarter increased 1% (3% on a constant currency basis) to $4.7 billion. Equipment Operations posted an operating profit of $443 million or 9.4% of net sales for the quarter, as increased volumes and positive net pricing in the agricultural segment compensated for the reduction in volume in the construction segment, higher selling general and administrative expenditures and research and development expense.
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