Valmont Industries Inc. announced that Renee Campbell, vice president, investor relations and corporate communications, has been named senior vice president, investor relations and treasurer.
Valmont Industries, Inc., a leading global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture, today announced that it has entered into a definitive agreement to acquire the remaining 49% stake in AgSense for a purchase price of approximately $42 million.
Valmont Industries, the manufacturer of irrigation equipment for agriculture, reports that it has closed its Valley, Neb., manufacturing facility until at least Wednesday, March 20, as flood waters have made it unsafe for employees.
Revenue of $678.7 million was down slightly compared to last year, as revenue gains in the Engineered Support Structures, Utility Support Structures and Coatings segments were offset by lower sales in Irrigation and unfavorable currency impacts of $12.6 million (1.9% of sales).
Valmont Industries announced its board of directors has named Stephen G. Kaniewski as president and chief executive officer effective Dec. 31, 2017, the first day of Valmont's fiscal 2018. Kaniewski will succeed Mogens C. Bay.
Irrigation Segment sales declined 9% to $158.5 million mostly due to reduced North America irrigation equipment and tubing sales. Irrigation equipment sales in North America were pressured by a reduction in net farm income.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
Montag is the industry’s innovative leader for precise, accurate metering of fertilizer, seed and other nutrients. The Montag system has become the standard for deep banding of fertilizer. Montag is also pioneering the technology for cover crop seed application. The new Cover Crop+ is able to meter the smallest seed, and can be mounted to tillage implements, combines, plus Hagie sprayers and detasselers.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.