Remember Some Time Ago, When I Posted That "Branson" Would Be Solld??

[Sawyer Rob]

Geeeze, you'd think I beat some ones mother! I was told by quite a few that "I" was full of chit!!

Well, one more week (give or take) and the deal will be done!!

and then?? well, I'll save that news for later... lol

SR

 

[LincTex]

A rumor is just a rumor unless you provide evidence.

 

[mjgood]

This is what I've found.... rurallifestyledealer.com/articles/4995-branson-tractors-parent-company-sold-to-tym

 

[LincTex]

That article is from April 18th..... 5 months old.

April 18, 2016 | Posted in Manufacturer News Editor's

Note: Sources have confirmed the sale of Branson’s parent company to Tong Yang Moolson Company (TYM) is nearing completion. Early indications are the Branson and TYM tractors brands will remain separate companies operating under a common owner.

According to Maeil Business News Korea the transaction is valued at 60 billion won ($52.4 million). TYM has chosen United Asset Management Company (UAMCO Ltd.) and Keystone Private Equity (PE) as its partners to shoulder the acquisition cost.

According to the investment banking industry, TYM will only have to raise 20 billion won to buy out its rival company and have the two investors come up with the rest of the 40 billion won in project funding. The two were assured to redeem the fund through an initial public offering or sale of Kukje Machinery to another party later in the future. The joint fund would reach 50-60 billion won, as additional capital would be necessary after the takeover.

According to Maeil Business News Korea, acquiring Kukje Machinery and its Branson line would put TYM ahead of current number two LS Mtron (a.k.a. LS Cable) among South Korean agricultural equipment players, and close to Daedong Industrial Co., the manufacturer of Kioti tractors and all-terrain utility vehicles.

All four are active in the U.S., with the top three having operations based in North Carolina:
Daedong-USA Inc., manufactures 21-91 horsepower Kioti tractors in Wendell, N.C., and distributes them through more than 300 dealers.
LS Mtron’s subsidiary LS Tractor USA LLC, based in Battleboro, N.C., distributes 24-97 horsepower compact and utility tractors. Its parent company has a supply agreement with Case IH for the compact models in selected markets, including the U.S.
TYM’s North American activities are based in Wilson, N.C., where it completes assembly and distributes compact and utility tractors ranging from 25-105 horsepower.

Kukje Machinery set up Branson Tractors in Rome, Ga., in 1998.
It now distributes the 24-78 horsepower compact and utility tractors through 165 dealers in the U.S. and Canada,
with additional warehouse, assembly and distribution bases in Plainview, Texas, and North Plains, Ore.

Branson Tractors''' Parent Company Sold to TYM | 216-4-18 | Rural Lifestyle Dealer

 

[newbury]

Geeeze, you'd think I beat some ones mother! I was told by quite a few that "I" was full of chit!!

Well, one more week (give or take) and the deal will be done!!

and then?? well, I'll save that news for later... lol

SR

And it's ALL YOUR FAULT!!!

You started the thought on the most important tractor forum in the universe. Wise people read your comments and began to think something was wrong with Branson. Rumours got started, it declined, and was sold.

You have the power!

 

[Sawyer Rob]

A rumor is just a rumor unless you provide evidence.

I never stated it as a "rumor", I stated it as a fact! BUT, there are always nay-sayers in every crowd... lol

SR

 

[Sawyer Rob]

And it's ALL YOUR FAULT!!!

You started the thought on the most important tractor forum in the universe. Wise people read your comments and began to think something was wrong with Branson. Rumours got started, it declined, and was sold.

You have the power!

thankyouverymuch! lol

SR

 

[prichard]

Still interested to see what it all means. Anyone know what TYM dealer network is like? When I was shopping the local dealer does no real service, turned me off. I didn't want to go to another dealer a couple hours away if I needed warranty work.

 

[roadhunter]

I never stated it as a "rumor", I stated it as a fact! BUT, there are always nay-sayers in every crowd... lol

SR

You provided no evidence other than hearsay to back up your claim. Hardly making a case that it was a fact. Then you got upset when people questioned you and asked for more information, to which you provided none and got snippy with anyone who questioned you. No surprise that people questioned you claims when you gave no evidence to back them up.

Now it looks like there was an article 5 months ago that broke the news. LOL.

Keep up the fine work.

 

[roadhunter]

That article is from April 18th..... 5 months old.

April 18, 2016 | Posted in Manufacturer News Editor's

Note: Sources have confirmed the sale of Branson’s parent company to Tong Yang Moolson Company (TYM) is nearing completion. Early indications are the Branson and TYM tractors brands will remain separate companies operating under a common owner.

According to Maeil Business News Korea the transaction is valued at 60 billion won ($52.4 million). TYM has chosen United Asset Management Company (UAMCO Ltd.) and Keystone Private Equity (PE) as its partners to shoulder the acquisition cost.

According to the investment banking industry, TYM will only have to raise 20 billion won to buy out its rival company and have the two investors come up with the rest of the 40 billion won in project funding. The two were assured to redeem the fund through an initial public offering or sale of Kukje Machinery to another party later in the future. The joint fund would reach 50-60 billion won, as additional capital would be necessary after the takeover.

According to Maeil Business News Korea, acquiring Kukje Machinery and its Branson line would put TYM ahead of current number two LS Mtron (a.k.a. LS Cable) among South Korean agricultural equipment players, and close to Daedong Industrial Co., the manufacturer of Kioti tractors and all-terrain utility vehicles.

All four are active in the U.S., with the top three having operations based in North Carolina:
Daedong-USA Inc., manufactures 21-91 horsepower Kioti tractors in Wendell, N.C., and distributes them through more than 300 dealers.
LS Mtron’s subsidiary LS Tractor USA LLC, based in Battleboro, N.C., distributes 24-97 horsepower compact and utility tractors. Its parent company has a supply agreement with Case IH for the compact models in selected markets, including the U.S.
TYM’s North American activities are based in Wilson, N.C., where it completes assembly and distributes compact and utility tractors ranging from 25-105 horsepower.

Kukje Machinery set up Branson Tractors in Rome, Ga., in 1998.
It now distributes the 24-78 horsepower compact and utility tractors through 165 dealers in the U.S. and Canada,
with additional warehouse, assembly and distribution bases in Plainview, Texas, and North Plains, Ore.

Branson Tractors''' Parent Company Sold to TYM | 216-4-18 | Rural Lifestyle Dealer

But But But Sawyer Rob was the insider who broke this news, not this article from 5 months ago. LOL