Efforts to keep in business what was once Poland’s largest tractor manufacturer have foundered as a result of Covid-related disruption and other factors that led a Warsaw-based regional commercial court to declare the business bankrupt and appoint a receiver.
An ambitious project to create a new European range of tractors built in Italy appears to have hit troubled waters with the news that a bankruptcy accommodation with creditors for the production element of the business has been requested by the Arbos Group’s local commercial court.
On Thursday, July 18, 2019, Ag Equipment Intelligence incorrectly reported that Thurston Manufacturing and its line of Blu-Jet agricultural equipment had been acquired by Unverferth Manufacturing for $7,560,000.
The most recent bankruptcy petition released earlier this week shows the selling price for Blu-Jet came in at $7,560,000. The purchase is expected to close by Aug. 2, 2019, and no later than Aug. 21, 2019.
Unverferth Manufacturing Co. Inc. has announced its intent to purchase the Blu-Jet equipment assets including the wide variety of fertilizer application and tillage products from Thurston Manufacturing Co., Thurston, Neb.
Thurston Manufacturing said it will be closing it Simonsen Iron Works facility in Spencer, Iowa, and merge its operations into its Thurston, Neb., location, according to a report in the Spencer Signal.
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In this episode of On the Record, New Holland Agriculture President Carlo Lambro talks about the future of the company's North America network. In the Technology Corner, Noah Newman takes a look at the recently award-winning One Smart Spray system.