Ever wonder what became of some of those big-time agricultural equipment companies that passed into history ... names like International Harvester, Case and Massey Ferguson? Well, a Dutch outfit got the first two, but Massey Ferguson was picked up by an American firm headquartered in Duluth, Georgia.
AGCO Corporation (NYSE: AG) is a global manufacturer of agricultural equipment, offering a full product line of tractors, combines, hay tools, sprayers, forage, tillage equipment and implements. The firm markets such brands as AGCO, Massey Ferguson and Fendt through more than 3,200 independent dealers and distributors in over 140 countries. It has acquired Caterpillar (NYSE: CAT)'s high-tech MT series tractor line, as part of a strategy to expand its offerings. Deere (NYSE: DE) is a major competitor.
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