Case sells Doncaster tractor plant
By FWi staff
CASE NEW HOLLAND has reached an agreement to sell its Doncaster tractor plant to Landini, the company said on Thursday (14 December).
The sale, which is in accordance with European Commission approval of the 1999 merger between New Holland and Case, is subject to approval by Brussels.
In addition to the manufacturing facility, the agreed sale includes the design and manufacturing rights to various tractor lines, said the Case statement.
It also includes sale of the McCormick brand name to Landini. Landini intends to sell these tractors under the McCormick brand.
Tractors will continue to be produced at the Doncaster plant to be sold by Case in certain countries under an agreement negotiated with Landini.
Case – which last year had combined global revenues of about $11 billion – said more details would be provided following approval by the European Commission.