DULUTH,
Ga., June 4, 2024 /PRNewswire/ -- AGCO
Corporation (NYSE: AGCO), a global leader in the design,
manufacture and distribution of agricultural machinery and
precision ag technology today welcomed the announcement of Parallel
Ag's merger with the A.C. McCartney Equipment dealership in
Illinois, including all five of
its locations in Carthage,
Durand, Fulton, Mt.
Sterling and Wataga. All
Illinois locations will continue
to operate under the A.C. McCartney Equipment name and maintain
existing leadership and staff for seamless continuity of sales and
services to customers. The merger will provide AGCO's full lineup
of popular brands and equipment, including Fendt® and
Massey Ferguson®,
throughout the company's Illinois,
Kansas, Oklahoma and Texas territories.
"We're extremely excited to work with the team at A.C. McCartney
to serve our customers in Illinois
and beyond," said Shawn Skaggs,
Parallel Ag President and CEO. "Our combined resources and
experience will give us the ability to offer even more benefits and
services to our farmers."
"Parallel Ag's merger with A.C. McCartney Equipment combines two
historic AGCO dealerships that have deep commitment to their
farmers and communities," said Ruchir
Patel, AGCO VP, Global Distribution Management. "The shared
talents and strengths of their teams creates a stronger
farmer-focused partner for growers in their areas."
"We are excited to join the Parallel Ag family," said
Woody McCartney, President of A.C.
McCartney Equipment. "Their values and resources align perfectly
with ours, and I am confident they are the best partner for our
customers and our employees."
AGCO embarked on an ambitious growth plan in North America in 2022 to transform and expand
its North American dealership network to meet growing farmer demand
and ensure comprehensive access and superior customer experiences
of its brands and services. Recent dealership news in Colorado, Idaho, southern Illinois and Indiana are part of that strategy. Today's
announcement regarding Parallel Ag's merger with A.C. McCartney is
a key component of AGCO's plan to meet those goals and deliver
access to its well-known products and services to Illinois farmers.
For more information, go to
parallelag.com and acmccartney.com.
Fendt and Massey Ferguson are
registered trademarks of AGCO.
About AGCO
AGCO (NYSE: AGCO) is a global leader in the
design, manufacture and distribution of agricultural machinery and
precision ag technology. AGCO delivers value to farmers and OEM
customers through its differentiated brand portfolio including core
brands like Fendt®, GSI®, Massey Ferguson®, PTx and Valtra®. AGCO's
full line of equipment, smart farming solutions and services helps
farmers sustainably feed our world. Founded in 1990 and
headquartered in Duluth, Georgia,
USA, AGCO had net sales of approximately $14.4 billion in
2023. For more information, visit www.agcocorp.com. For company
news, information, and events, please follow us on X: @AGCOCorp.
For financial news on X, please follow the hashtag
#AGCOIR.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/agco-welcomes-parallel-ags-merger-with-ac-mccartney-equipment-dealership-in-illinois-302163742.html
SOURCE AGCO Corporation