WINNIPEG, MB, July 27,
2023 /CNW/ - Buhler Industries Inc. (TSX: BUI), a
leading agricultural equipment manufacturer under the renowned
Versatile and Farm King brands, has engaged the services of
Toronto-based Origin Merchant
Partners to identify a long-term investment partner. This
collaboration represents a significant step forward for the company
as it seeks to bolster its position in the agricultural industry
and continue its commitment to serving farmers and dealers with
high quality farm equipment.
Through a series of successful initiatives, including the sale
of underutilized assets earlier in the year, Buhler Industries has
solidified its financial foundation by securing sufficient capital
for current operational needs.
Buhler Industries has been an integral part of the agricultural
landscape for nearly a century, with a legacy dating back almost
100 years. Serving as a cornerstone of the Canadian economy, the
company takes pride in employing over 800 Canadians and making a
significant impact in the Province of Manitoba, with manufacturing facilities in
both Winnipeg and Morden.
The search for the right investment partner is driven by a
commitment to preserving the legacy of the iconic Versatile and
Farm King brands. As a company that deeply values its roots and
heritage, Buhler Industries seeks a partner who understands and
respects the historical significance of these brands, as well as
their immense potential for future growth and innovation. The
company plans to continue to be critical supplier to our valued
network of dealers across North
America.
About Buhler Industries
Buhler Industries Inc. (the "Company") is headquartered
in Winnipeg, Manitoba, Canada and
is a publicly traded Company on the Toronto Stock Exchange (TSX:
BUI). The Company manufactures and distributes its product through
the brand names Versatile and Farm King. The Versatile line of
equipment consists of tractors and tillage. Farm King supplies
augers, mowers, bale carriers, snowblowers, and compact implements.
The Company has manufacturing facilities and warehouses in both
Canada and the United States.
Forward-Looking
Information
Certain statements contained in this press release may
constitute forward-looking statements or information (collectively,
"forward-looking information"). All statements, other than
statements of historical fact included in this press release, which
address activities, events or developments that the Company expects
or anticipates to occur in the future, is forward-looking
information. The use of any of the words "could", "intend",
"expect", "believe", "will", "projected", "estimated", "proposed"
"planned" and similar expressions and statements relating to
matters that are not historical facts are intended to identify
forward-looking information and are based on the Company's current
believe or assumptions as to the outcome and timing of such future
events. Such forward-looking information is subject to risks and
uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the
statements. In particular, this press release contains
forward-looking information relating to the engagement of a
financial advisor for a potential transaction with a long-term
investment partner and the Company plans to continue to be a
critical supplier to its valued network of dealers across
North America. Although management
believes that the expectations reflected in the forward-looking
statements are reasonable, it cannot guarantee future results,
including the outcome (if any) of its announced initiative to seek
a new partner (which outcome is uncertain and there are no
guarantees that any transaction will result in connection with the
same), since such expectations are inherently subject to
significant business, economic, operational, competitive, political
and social uncertainties and contingencies. Such forward-looking
information is based on certain assumptions made by the Company in
light of its experience and perception of historical trends,
current conditions and expected future developments, as well as
other factors the Company believes are appropriate in the
circumstance. Those assumptions and factors are based on
information currently available to the Company. The forward-looking
information contained in this press release is made as of the date
hereof and the Company is not obligated to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
applicable securities laws. Because of the risks, uncertainties and
assumptions contained herein, investors should not place undue
reliance on forward-looking information. The foregoing statements
expressly qualify any forward-looking information contained
herein.
SOURCE Buhler Industries Inc.