Kubota Corporation said Friday that it plans to buy Great Plains Manufacturing Inc., of Salina, Kansas.
The terms of the deal were not disclosed, but once final, the purchase will include all five Great Plains divisions, including: Great Plains Ag, Land Pride, Great Plains International, Great Plains Trucking and Great Plains Acceptance Corporation. Founded in 1976, Great Plains manufactures a variety of specialty machinery, including seed placement equipment, nutrient applicators, mowers, and more.
The acquisition grew out of an ongoing partnership between Kubota and Great Plains’ Land Pride division, which manufactures grounds maintenance tools such as mowers and other dirt-working equipment.
Since 2007, Kubota has worked closely with Land Pride division to provide performance-matched implements to Kubota customers. "This acquisition aligns with our long-term strategic vision to continue our market expansion and provide high-quality products and comprehensive solutions for our customers,” said Masato Yoshikawa, president and CEO of Kubota Tractor Corp.
What happens now?
The plan is for all five Great Plains divisions to continue to operate as they have been with their infrastructure intact. “We intend to respect the distinctiveness of the brands, trademarks and operational strengths,” said Todd Stucke, senior vice president of sales, marketing and product support for Kubota. “Doing so will allow employees, dealers and customers to do business with the same great companies they have come to know and trust.”
Roy Applequist, Great Plains’ founder and chairman will remain on the leadership team during the transition. “My plan is to play a significant role in helping Great Plains become a vital part of the Kubota family,” said Applequist. “Great Plains’ leadership position in the agricultural implement business has been earned by striving to do our best in satisfying our customers’ needs, and we are confident that teaming up with Kubota will allow us to continue to uphold this tradition.”
For Kubota, the partnership will build on the tractor company’s presence in Kansas, where it plans to establish a North American distribution center. Based in California, Kubota Tractor Corp. is the U.S. marketer and distributor of Kubota machinery and equipment for the Japanese company.