By Amanda Brodhagen, Farms.com
CNH Industrial announced the expansion of its agricultural machinery portfolio with the acquisition of Miller-St. Nazian, Inc. (“Miller”), a precision spraying equipment manufacture. The assets of Miller acquired as part of the transaction will become part of New Holland Agriculture, a CNH Industrial brand. CNH Industrial, based in the U.K., is a global manufacture of farm equipment.
Miller, headquartered in Wisconsin, has been a family owned business for five generations. It first began as a hardware retailer in 1899 and has evolved to be known today as a leading innovator of front boom sprayers, one of the most used pieces of farm equipment. Since 2010, Miller has worked in partnership with New Holland, manufacturing some equipment under the brand. Given this already established relationship, CNH Industrial said it made sense to explore acquiring the company.
“Their products have been a welcome addition to our crop production offering and we intend to further innovate and develop this important product line in the years to come to continue offering the smart solutions and innovations for which New Holland has been known for nearly 120 years,” Abe Hughes, vice president of New Holland North America said in a release.
John Miller, president of Miller-St. Nazianz says he will leave the company after the deal closes, but adds that staff will not lose their jobs. The 260-employees have received letters saying that they will be rehired when the transaction is finalized. CNH has a presence in more than 170 countries around the world.
Details of the acquisition were not disclosed.