so what did montana buy for 14.1 mil

[redneckford]

the environmental mess and buildings????

Escorts to Merge U.S. Subsidiary With Itself
Mumbai, India Agri machinery products maker Escorts Ltd. says it will merge its U.S.-based, wholly-owned subsidiary firm, Escorts AgriMachinery Inc., with itself.

The board of directors approved the merger, a move that would result in restructuring the overseas operations as EAMI, which holds 100% stake in Farmtrac Tractors Poland, 78.25% in Beaver Creeks Holdings, USA and 49% in Farmtrac North America, USA, the company said in a filing to the Bombay Stock Exchange.

The amalgamation, which is subject to requisite approvals, would also result in reduction in administrative costs and increase in operational efficiency, since unnecessary entities would be removed.

The appointed date of the proposed merger is April 1, 2009 and all assets and liabilities of the EAMI would become the assets and liabilities of Escorts with effect from the appointed date.

Source: PTI

BoatRide!!!!!

Does that mean that montana ownes 51% of FarmTrac USA????

 

[shakin]

interesting post for once. i thought they purchased the land, buildings and stock at the location. also i thought i read somewhere they were relocating to the new to them location from ark. i do know that my dealer has some rebadged farm tracs now called montana limited. he has a pair of 65hp 4wd units, they are big.

 

[HogWild1]

Does that mean that montana ownes 51% of FarmTrac USA????

Farmtrac USA or Farmtrac North America? It is my understanding there is no more FNA and there will be no more products brought into the U.S. market under the Farmtrac name.

As for the rebranding. I talked to a FT dealer the other day that recently took on Montana. I asked him why he had the same model tractors in Montana Limited and Farmtrac. I also said, why not just take the decals off the Farmtrac's and put Montana Limited decals on. He said it was a legal issue and he couldn't rebrand a tractor he purchased from FT with a Montana logo. Makes sense... You wouldn't take the decals and badges off a Chevy and put GMC on.

He also confirmed they were moving operations to North Carolina facility. Made more sense with loader facility out there. Smart move IMO.

 

[redneckford]

the environmental mess and buildings????

Escorts to Merge U.S. Subsidiary With Itself
Mumbai, India Agri machinery products maker Escorts Ltd. says it will merge its U.S.-based, wholly-owned subsidiary firm, Escorts AgriMachinery Inc., with itself.

The board of directors approved the merger, a move that would result in restructuring the overseas operations as EAMI, which holds 100% stake in Farmtrac Tractors Poland, 78.25% in Beaver Creeks Holdings, USA and 49% in Farmtrac North America, USA, the company said in a filing to the Bombay Stock Exchange.
The amalgamation, which is subject to requisite approvals, would also result in reduction in administrative costs and increase in operational efficiency, since unnecessary entities would be removed.

The appointed date of the proposed merger is April 1, 2009 and all assets and liabilities of the EAMI would become the assets and liabilities of Escorts with effect from the appointed date.

Source: PTI

BoatRide!!!!!

Does that mean that Montana owners 51% of FarmTrac USA????

somebody owns 21.75% of Beaver Creek and somebody owns 51% of Farmtrac North America USA and some of the tractors that came to the USA were purchased from Farmtrac Tractors Poland so there is nexus all around!!!

waiting on the announcement from Montana about the long term supply agreement with Escorts?????!!----some have seen the paper work but they have agreements not to speak------Leaks!!!????