A GCO Corporation, a US manufacturer and distributor of agricultural equipment worldwide, has bought the privately owned Industria Agricola Fortaleza Limitada (SFIL), a leading Brazilian provider of farm implements.
SFIL’s 2007 sales are estimated at US$35 million. “The SFIL family of products complements our market-leading tractor. is another step in expanding our product offering for our South American dealers and their customers,” said Martin Richenhagen, AGCO president and CEO. Founded in 1967, SFIL’s expertise in Brazilian soil conditions and planter requirements has earned its products a reputation for quality and innovation. “The addition of this line of implements will allow us to leverage the strength of our brands and our robust dealer networks to further grow our business in South America,” explained André M Carioba, senior vice-president and GM of AGCO South America. – Peter Hittersay
