M&A Deal Summary

AGCO Acquires Sunflower Manufacturing Company

On October 24, 2002, AGCO acquired machinery company Sunflower Manufacturing Company from SPX Technologies

Acquisition Highlights
  • This is AGCO’s 4th transaction in the Machinery sector.
  • This is AGCO’s 2nd transaction in the United States.
  • This is AGCO’s 1st transaction in Kansas.

M&A Deal Summary
Date 2002-10-24
Target Sunflower Manufacturing Company
Sector Machinery
Buyer(s) AGCO
Sellers(s) SPX Technologies
Deal Type Divestiture

Target

Sunflower Manufacturing Company

Beloit, Kansas, United States
Sunflower Manufacturing Company, Inc. is a producer of tillage, seeding and specialty harvesting equipment, located in Beloit, Kansas and serving the North American agricultural market.

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Buyer(S) 1

Buyer

AGCO

Duluth, Georgia, United States
Category Company
Founded 1990
Sector Machinery
Employees25,600
Revenue 14.4B USD (2023)
DESCRIPTION
AGCO's corporate headquarters in Duluth, Georgia.
AGCO's corporate headquarters in Duluth, Georgia.

AGCO is a manufacturer of agricultural equipment. AGCO offers tractors, combines, hay tools, sprayers, forage, and tillage equipment, which are distributed through more than 2,700 independent dealers and distributors in more than 140 countries worldwide. AGCO was incorporated in 1990 and is based in Duluth, Georgia.

DEAL STATS #
Overall 4 of 23
Sector (Machinery) 4 of 15
Type (Divestiture) 1 of 3
State (Kansas) 1 of 1
Country (United States) 2 of 7
Year (2002) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-20 Ag-Chem Equipment

Minnetonka, Minnesota, United States

Ag-Chem Equipment Co., Inc. is a manufacturer and distributor of specialized off-road heavy equipment for agricultural and industrial applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-18 Industria Agricola Fortaleza Limitada

Brazil

Industria Agricola Fortaleza Limitada is a provider of farm implements. SFIL manufactures a line of farm implements including drills, planters, corn headers and front loaders.

Buy -

Seller(S) 1

SELLER

SPX Technologies

Charlotte, North Carolina, United States
Category Company
Founded 1912
Sector Machinery
Employees4,100
Revenue 1.7B USD (2023)
DESCRIPTION
Entrance to SPX's corporate headquarters in Charlotte, North Carolina.
Entrance to SPX's corporate headquarters in Charlotte, North Carolina.

SPX Technologies is a global supplier of highly specialized, engineered solutions for the energy and food/beverage industries. Key products include processing systems and components for the food and beverage industry, pumps, valves and filtration equipment used in oil and gas processing, power transformers used by utility companies, and cooling systems for power generation plants and HVAC applications. SPX Technologies was founded in 1912 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 5 of 23
Sector (Machinery) 3 of 6
Type (Divestiture) 5 of 23
State (Kansas) 1 of 1
Country (United States) 4 of 17
Year (2002) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-13 C&M Conveyor

Bloomington, Indiana, United States

C&M Conveyor is a manufacturer and supplier of material handling systems to the corrugated sheet and container industry. C&M Conveyor was founded in 1982 and is based in Bloomington, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-12 Balcke-Dürr

Dusseldorf, Germany

Balcke-Dürr designs, develops, manufactures, and supplies power plant heat exchangers and industrial filter systems. With more than 130 years of experience, the company offers groundbreaking solutions and services from standard modules to complete thermal systems. Balcke-Dürr was founded in 1883 and is based in Dusseldorf, Germany.

Buy -
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