March 24, 2011
KUHN Group announces the acquisition of KRAUSE Corporation, a privately held North American leader in the field of tillage equipment and grain drills located in Hutchinson.
KRAUSE Corporation was founded in 1916, and is specialized in the design and manufacturing of primary and secondary tillage, strip-till, and vertical tillage equipment and grain drills for tractors. For calendar year 2010, the company’s revenues exceeded US $61 million, with a workforce of 230 employees.
KUHN Group, headquartered in Saverne, France, employs in excess of 3,500 people worldwide, and currently operates seven manufacturing companies located in the United States, France, Brazil, and the Netherlands.
KUHN North America, Inc., headquartered in Brodhead, WI, employs approximately 500 people, manufactures and distributes KUHN equipment, and operates distribution centers in the states of New York, Tennessee, Colorado, Washington, and the Province of Quebec, Canada.
This acquisition is expected to close within the weeks to come, at which time KRAUSE CORPORATION’s name will change to KUHN KRAUSE, Inc. Information concerning the structure and management organization of this new KUHN Group company will be announced at that time.