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Tractor News

Stanley acquires Hustler and Big Dog
Stanley Black & Decker announced on September 13 that it has entered into a agreement to acquire Excel Industries for $375 million in cash. Excel manufactures turf-care equipment under the Hustler and BigDog brands.

Stanley purchases MTD
Stanley Black & Decker announced that it has agreed to acquire the remaining 80 percent ownership stake in MTD Holdings Inc. ("MTD"), including Cub Cadet and Troy-Bilt, for $1.6 billion in cash. Stanley current owns the Craftsman brand. Stanley Black & Decker acquired a 20 percent stake in MTD in 2019.

TAFE launches Massey Ferguson 244 DI
TAFE - Tractors and Farm Equipment Limited, launched the Massey Ferguson 244 DI - Puddling Special tractors in the 44 hp range, for paddy cultivation. Yet another revolutionary product from TAFE, the Massey Ferguson 244 comes in two variants - The MF 244 DI PM with that excels in dry land or shallow puddling, and the MF 244 PD that works wonders with deep mud puddling. Launched for the Andhra Pradesh markets currently, the MF 244 is yet another customer-centric offering from TAFE that provides more power and greater value, while delivering high versatility, excellent performance, bigger savings and better productivity.

Fendt suspends tractor production due to supplier problems
Agricultural equipment manufacturer AGCO/Fendt is suspending production at its Marktoberdorf and Asbach-Baumenheim sites for seven working days from April 22nd 2021.

Keestrack purchases Goldoni
Keestrack, a major manufacturer in mining, recycling and construction equipment finds a perfect fit with Goldoni, specialized in agricultural machinery, to enter the agricultural market and to grow even more in the construction segment.

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