Bizon (company)

Bizon was a Polish combine harvester producer based in Płock, Poland. It designed machines for harvesting cereals, rapeseed, maize, sunflower and other crops. Bizon company was privatized in 1992 after the reorganization of Agromet, a state-owned agricultural business.[1] In 1995 Bizon reached account profitability and in 1997 had a net sales of about $40 million and a $4 million net profit.[2]

Bizon harvesters used Domestic Engines such as SW400 and SW680 manufactured in Polish engine factory called "Andoria" Standard Bizon tyres were STOMIL.

Bizon held approximately 80% of the Polish combine harvester market and had begun sales expansion in Latin America, Pakistan, Belarus and Ukraine.[3]

On 29 July 1998, 90.87% of Bizon Sp.zo.o. was acquired by New Holland for $33 million. The remaining shares of the Polish company were purchased in March 1999. The U.S. Securities and Exchange Commission estimated that New Holland had paid $18 million more than the company's actual value.[4]

References

  1. "New Holland To Acquire Combine Harvester Manufacturer In Poland". Prnewswire.co.uk. 1998-06-02. Retrieved 2012-01-26.
  2. "Equipment Manufacturers Supply Supplier Distributors". Agriculturetoday.com. Archived from the original on 2012-03-26. Retrieved 2012-01-26.
  3. "Commission File Number 1-14528" (PDF). U.S. Securities and Exchange Commission. 31 December 1999. Retrieved 29 May 2019.
  •  Companies portal
  •  Agriculture and Agronomy portal
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.