Ag Express Electronics in Des Moines has acquired the assets of the manufacturing and distribution divisions of The Daugherty Companies, an Association member. The acquisition was complete Jan. 1.
The Daugherty Companies continue to operate facilities in Warren, Ind., and maintain its workforce there. Adam Douglas, former COO and shareholder of The Daugherty Companies, is now the Warren facility manager for Ag Express.
CEO David Daugherty has retired after nearly 56 years in the business, which was founded by his father.
In addition to a retail dealership, The Daugherty Companies represents agricultural equipment manufacturers throughout the Midwest and the distribution, design and manufacture of agricultural electronics.
The Daugherty Companies corporate entity will remain in business with Mike Daugherty and the Ag-Serv Division providing area producers with installation, repair and technology services.
Member since 1974 |daughertyinc.com