CNH announces regulatory approval for divestiture of Winnipeg tractor lines and plant
CNH Press Release -The two companies announced last month that they had reached a sales agreement pending Department of Justice approval. The companies expect to complete the transaction by the end of this month.
Under the agreement, Buhler will supply the worldwide New Holland commercial organization with these tractor lines until October 31, 2001, and the Genesis and G/70 series tractors to markets outside of North America until December 31, 2002. Buhler also will supply Winnipeg-produced replacement parts for the tractor lines to the New Holland organization on an ongoing basis.