Dealer/Distribution News

• Mahindra USA announced the opening of a new Midwest Authorized Distribution Center in Lyons, KS, in February 2015. The 15-acre facility, a joint project with long-time Mahindra partner Kansas Machine Works, will serve Iowa, Kansas, Missouri, Minnesota, North Dakota and South Dakota, with the ability to ship 150 tractors per month once it is fully operational. This is Mahindra USA’s fifth distribution center in North America; the other facilities are located in Texas, Pennsylvania, Tennessee and Georgia.

• Tractor Supply Company, announced its financial results for the fourth quarter and fiscal year ended Dec. 27, 2014, in a recent news release. The company said its net sales increased 12%, to $1.58 billion from $1.42 billion, in the fourth quarter of 2014. Net sales increased 10.6% to $5.71 billion from $5.16 billion in fiscal 2014, with store sales increasing 3.8%. Gross profit increased 11.2%.

The company opened 107 new stores and closed one store during fiscal 2014, compared to 102 new store openings and two store closures during fiscal 2013. Tractor Supply currently operates more than 1,380 stores in 49 states.

• Rocky Mountain Dealerships Inc. (“Rocky”) declared a quarterly dividend of $0.115 per share on the company’s outstanding common shares, payable on March 31, 2015, to shareholders of record at the close of business on Feb. 27, 2015. Rocky said it will release its 2014 year-end financial results on March 11. The company also announced that Garrett Ganden took the helm as President and CEO, effective Feb. 2. Ganden previously served as Rocky’s Chief Operating Officer.

• Hoober Inc., an agricultural equipment dealer with 9 locations in Pennsylvania, Delaware, Maryland and Virginia, announced it opened a new full-service facility in New Windsor, MD, reported Lessiter Publications. The launch of the new location completes the transition from the dealership’s parts depot in Frederick, MD.