Turkish tractor manufacturer Başak Traktör purchased Buhler Industries, parent company of the Versatile and Farm King brands, for $60.5 million. Management at Buhler had to take steps to publicly distance itself from its primary shareholder, Rostselmash, since Russia started its war against Ukraine.  |  Photo supplied by Versatile

A new owner for Versatile

Buhler Industries, parent company of the Versatile and Farm King brands, revealed in July it was searching for a “long-term investment partner.” In late December, it announced that Turkish tractor manufacturer Basak Traktor, a wholly-owned subsidiary of ASKO Holding, was buying 96.7 percent of outstanding shares for $60.5 million. “One of the keys for us […] Read more