Ingersoll Tillage Group To Acquire Bellota

The shareholders of North American Tillage Tools Company (Ingersoll Tillage Group (ITG)) and Corporacion Patricio Echeverria (CPE) better known worldwide by its brand Bellota, announced that ITG will acquire the majority controlling interest in CPE (or Bellota).

The new group will create a global manufacturer and supplier of agricultural tillage, seeding and sugar harvesting products and solutions as well as bring renewed excitement to the hand-tool business. The shareholders of ITG have communicated their commitment to investing in and growing the combined business globally while continuing operations similar to how they run today.

ITG has more than 100 years of history producing and providing ground engaging tillage tools mainly for the North American markets. ITG is a privately held group of companies focused on delivering key components to their chosen customers.

CPE has two businesses: Bellota Hand-tools that focuses on the development, manufacturing and commercialization of hand tools for construction, gardening and agriculture uses, with commercial and manufacturing presence in Europe, Central America, South America and the U.S., and Bellota Agrisolutions that focuses on the development, manufacturing and commercialization of components for agricultural machinery (blades, cultivator points, tines, points for ploughshares, etc.) under the Bellota Agrisolutions brand, with commercial presence in all worldwide agricultural areas and manufacturing facilities in Spain, the U.S., India and Brazil.

Bellota Agrisolutions/Ira Svendsgaard & Assoc., Association member since 2000; bellotaagrisolutions.com.

Ingersoll Tillage Group, Association member since 2002; ingersolltillage.com.