KUHN Group, a leader in the design, manufacturing and marketing of hay and forage, livestock feeding and bedding, tillage, planting and seeding, manure and fertilizer spreading, landscape maintenance, and crop protection equipment, announces the completion of the acquisition of KRAUSE Corporation, a privately held North American leader in the field of tillage equipment and grain drills, located in Hutchinson, Kansas, USA.
This announcement follows the press release dated March 24, 2011 announcing the acquisition and the key reasons supporting this strategic decision by Kuhn Group.
The Closing of this important transaction took place yesterday in Hutchinson, KS, and the name of the Corporation is now KUHN KRAUSE, Inc. KUHN KRAUSE will operate as a self-standing company of KUHN Group, and will provide KUHN with a new platform for the design and manufacturing of tillage equipment and grain drills in North America.
Mr. Thierry Krier, the President and CEO of KUHN NORTH AMERICA, INC., will serve as CEO of this new KUHN Company, while Mr. Keith Whitaker will serve as President. Whitaker had previously served KRAUSE Corporation as Vice President of Sales and Marketing for six years. Whitaker holds degrees in engineering and an MBA, and brings 25 years of industry experience to this strategic role for KUHN KRAUSE, INC.
The new Company will continue to be lead by the prior KRAUSE Corporation management team and all KRAUSE employees, instrumental in the Company’s past successful performance, have been retained, with operations continuing in Hutchinson, KS.
KUHN Group is excited about the prospects of this new acquisition and looks forward to building an even stronger and more successful business.
KUHN Group, headquartered in Saverne, France, employs in excess of 3,500 people worldwide, and operates eight manufacturing companies located in the United States, France, Brazil, and the Netherlands. KUHN Group is represented worldwide through a large network of independent dealers served by a number of international marketing and distribution subsidiaries and independent distributors. In 2010, KUHN Group’s revenues exceeded 617 million Euros (US $850 million).