Columbus (Ohio) Business First
A John Deere construction equipment supplier has struck a deal to sell all its Ohio branches to Murphy Tractor & Equipment Co. of Kansas.
Wichita-based Murphy on Tuesday said it will buy Tampa, Fla.-based Nortrax Equipment’s eight Ohio branches, which include an operation on Walcutt Road in west Columbus. The other branches are in Brunswick, Canton, Cincinnati, Lima, Painesville, Youngstown and Vandalia, near Dayton.
Nortrax, the largest retail group of the John Deere commercial work division, has about 40 U.S. locations. The Ohio deal, financial terms of which weren’t disclosed, will bring Murphy to 24 locations in Ohio, Kansas, Iowa, Missouri and Nebraska.
Murphy President Tom Udland said in a release that the deal for the Deere & Co. subsidiary’s Ohio footprint fits well within the company’s growth plan.
“The anticipated national economic recovery and the resultant infrastructure rebuilding bode well for our industry,” Udland said. “... It is our intent to significantly increase the size of the business in Ohio, including increased employment.”
Wichita-based Murphy on Tuesday said it will buy Tampa, Fla.-based Nortrax Equipment’s eight Ohio branches, which include an operation on Walcutt Road in west Columbus. The other branches are in Brunswick, Canton, Cincinnati, Lima, Painesville, Youngstown and Vandalia, near Dayton.
Nortrax, the largest retail group of the John Deere commercial work division, has about 40 U.S. locations. The Ohio deal, financial terms of which weren’t disclosed, will bring Murphy to 24 locations in Ohio, Kansas, Iowa, Missouri and Nebraska.
Murphy President Tom Udland said in a release that the deal for the Deere & Co. subsidiary’s Ohio footprint fits well within the company’s growth plan.
“The anticipated national economic recovery and the resultant infrastructure rebuilding bode well for our industry,” Udland said. “... It is our intent to significantly increase the size of the business in Ohio, including increased employment.”
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