Combine Factory Rostselmash of Russia has upped its stake in Buhler Industries from 80 to 97 per cent by purchasing the 16 per cent of shares owned by former Buhler chairman John Buhler.
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Combine Factory Rostselmash of Russia has upped its stake in Buhler Industries from 80 to 97 per cent by purchasing the 16 per cent of shares owned by former Buhler chairman John Buhler.
Buhler, based in Winnipeg, makes Versatile tractors, combines, seeders and tillage equipment, Farm King implements and M8 tractors for Kubota.
Winnipeg-based, publicly-traded Buhler Industries announced Wednesday that Combine Factory Rostselmash has bought another 16.3 per cent of Buhler shares for $ 3 per share, or about $ 12.25 million.
Rostselmash, which bought its 80 per cent stake in 2007.