KUHN Group announces the acquisition of KRAUSE CORPORATION, a leading manufacturer of tillage equipment

March 24, 2011

KUHN Group, a leader in the design, manufacturing and marketing of hay and forage, livestock feeding and bedding, tillage, planting and seeding, manure and fertilizer spreading, landscape maintenance and crop protection equipment, announces the acquisition of KRAUSE Corporation, a privately held North American leader in the field of tillage equipment and grain drills located in Hutchinson, Kansas, USA.

KRAUSE Corporation was founded in 1916, and is specialized in the design and manufacturing of primary and secondary tillage, strip-till, and vertical tillage equipment and grain drills for tractors of 100 to 550 horsepower.

For calendar year 2010, the company’s revenues exceeded US $61 million, with a workforce of 230 employees.

KUHN Group, headquartered in Saverne, France, employs in excess of 3,500 people worldwide, and currently operates seven manufacturing companies located in the United States, France, Brazil, and the Netherlands.

KUHN Group is represented worldwide through a large network of independent dealers served by a number of international marketing and distribution subsidiaries and independent distributors.

In 2010, KUHN Group’s revenues exceeded 617 million Euros (US $850 million).

KUHN North America, Inc., headquartered in Brodhead, WI, employs approximately 500 people, manufactures and distributes KUHN equipment, and operates distribution centers in the states of New York, Tennessee, Colorado, Washington, and the Province of Quebec, Canada.

KUHN Group’s key reasons for this acquisition include:

- The addition of a wide range of high-horsepower tillage tools and grain drills that ideally complement KUHN Group’s current product offering;

- The entry of KUHN Group into the large North American crop production sector and the US corn belt in particular, but also the addition of product lines of high interest to large grain farming areas such as Eastern and Central Europe;

- The addition of a focused research and development and manufacturing center for highhorsepower crop production machines in the US Midwest, with access to product evaluation and testing with some of the largest and most demanding farm operations;

- The resulting wide product offering of KUHN Group reinforces KUHN’s strategy and leadership position in the crop production segments and is expected to contribute to KUHN Group’s worldwide growth.

This acquisition is expected to close within the weeks to come, at which time KRAUSE CORPORATION’s name will change to KUHN KRAUSE, Inc. Information concerning the structure and management organization of this new KUHN Group company will be announced at that time.

KUHN intends to operate KUHN KRAUSE, Inc. independently to focus on the development, manufacturing and marketing of large-width tillage tools for the North American and overseas markets.

KUHN Group is excited about the prospects of this new acquisition and looks forward to working with the current KRAUSE employees, dealers, and suppliers to build an even stronger and more successful business.

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