Dealer News Update

Tractor Central will add locations in Westby and West Salem, WI, for a total of 10 locations, effective November 1, according to Agri-View.

Based in Eau Claire, WI Tractor Central reached an agreement with Frontier Ag and Turf of New Richmond, to purchase the Frontier Ag and Turf locations in Westby and West Salem. Tractor Central currently has dealerships in Arcadia, Granton, Mondovi, Durand, Cameron, Chippewa Falls, Menomonie and Sheldon.

Titan Machinery Inc. announced it has entered into an agreement to acquire Toner’s Inc., which consists of three Case IH agricultural equipment dealerships located in Grand Island (currently “Toner’s Inc.”), Broken Bow (currently “Red Line Equipment”) and Ord (currently “Ord Equipment”), Nebraska. The acquisition is expected to close on or around November 1, 2012.

Upon the closing of the Toner’s Inc. acquisition, the Titan Machinery network will consist of 102 North American dealerships in North Dakota, South Dakota, Iowa, Minnesota, Montana, Nebraska, Wyoming, Wisconsin and Colorado, including two outlet stores.

The company also said it has received approval from CNH International SA to form a subsidiary of Titan Machinery Inc., “Titan Machinery Ukraine, Ltd.,” to serve as a Case IH distributor of agricultural products in the Kiev, Zhitomir, Chernigov and Vinnitsa regions of Ukraine. The company expects to open new dealerships in these regions.

Rocky Mountain Dealerships Inc. announced it has entered into an agreement to purchase the Case IH Agriculture dealership assets of Houlder Automotive Ltd. Houlder operates dealership locations in Grimshaw and Falher, Alberta.

For the most recent fiscal year ended January 31, 2012, Houlder had Case IH Agriculture related revenues of approximately $20 million. This acquisition is expected to close effective November 1, 2012, and be completed through existing cash or credit facilities.