KUHN Group announces the acquisition of KRAUSE CORPORATION, a leading manufacturer of tillage equipment and grain drills
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 acquisition of
KRAUSE Corporation, a privately held North American leader in the field of tillage equipment
and grain drills located in Hutchinson, Kansas, USA.
KRAUSE Corporation was founded in 1916, and is specialized in the design and
manufacturing of primary and secondary tillage, strip-till, and vertical tillage equipment and
grain drills for tractors of 100 to 550 horsepower. For calendar year 2010, the company’s
revenues exceeded US $61 million, with a workforce of 230 employees.
KUHN Group, headquartered in Saverne, France, employs in excess of 3,500 employees
worldwide, and currently operates seven manufacturing companies, located in Saverne,
Châteaubriant, La Copechagnière and Chéméré (France), Geldrop (The Netherlands), as
well as in Brodhead, (Wisconsin, USA) and Passo Fundo (Rio Grande do Sul, Brazil).
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 generated 617 million Euros sales.
KUHN North America, Inc., headquartered in Brodhead, WI, employs approximately 500
people, manufactures and distributes KUHN equipment, and operates distribution centers in
the states of New York, Tennessee, Colorado, Nebraska, Washington, and the Province of
Quebec, Canada.
KRAUSE Corporation will be renamed KUHN KRAUSE Inc at Closing and will operate as a
subsidiary of KUHN North America. Mr. Thierry Krier, KUHN North America’s president and
CEO, along with the executive management teams of KUHN KRAUSE and KUHN North
America, will be responsible for the strategic development and integration of KRAUSE into
KUHN Group.
KUHN Group’s key reasons for this acquisition include:
- The addition of a wide range of high horsepower tillage tools and grain drills that ideally
complements KUHN Group’s current product offering;
- The entry of KUHN Group into the large North American crop production sector and the
US corn belt in particular, but also the addition of product lines of high interest to large
grain farming areas such as Eastern and Central Europe;
- The addition of a focused research and development and manufacturing center for high
horsepower crop production machines in the US Midwest, with access to product
evaluation and testing with some of the largest and most demanding farm operations;
- The resulting wide product offering of KUHN Group reinforces Kuhn’s strategy and
leadership position in the crop production segments and is expected to contribute to
KUHN Group’s worldwide growth.
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Contacts: M. Michel SIEBERT
President and CEO
Tel: +33 (0)3 88 01 81 77
M. Roland RIEGER
Vice-President Sales & Marketing
Tel: +33 (0)3 88 01 82 84
M. Rolf SCHNEIDER
International Sales Manager
Tel: +33 (0)3 88 01 81 95