who owns mccormick tractors

The Ownership of McCormick Tractors

When we hear the name McCormick Tractors, we might think of high performing machines with advanced technology, but have you ever thought about who the company belongs to? McCormick Tractors is a brand that has gone through various ownership changes throughout its history. The ownership of McCormick Tractors affects the company's strategies and direction, so let's take a closer look at who owns McCormick Tractors today.

The History of McCormick Tractors

McCormick Tractors is a brand that has been around for almost two centuries. The company's early history can be traced back to 1831 when Cyrus McCormick patented the first horse-drawn reaper. The reaper revolutionised the way farming was done, and the McCormick brand became synonymous with agricultural machinery. It wasn't until 1999 that McCormick Tractors became an independent entity, but before that, the company was part of various organisations, including International Harvester and Case IH.

The Acquisition by Argo Group

Today, McCormick Tractors is owned by the Argo Group, an Italian industrial company that specialises in manufacturing agricultural machinery, including tractors, combine harvesters and engines. Argo Group acquired McCormick Tractors from Case IH, a subsidiary of CNH Global, in 2000. At the time McCormick Tractors was purchased, the company's tractors were sold in 53 countries, and its manufacturing facilities were located in Italy.

The Impact of Ownership on McCormick Tractors

The ownership of McCormick Tractors has had a significant impact on the company. For instance, when the company was part of International Harvester and Case IH, McCormick Tractors' focus was on producing tractors for the North American market. However, when Argo Group acquired McCormick Tractors, the company's strategy shifted to producing tractors for the global market. Today, McCormick Tractors sells its machines in over 100 countries, and the company's reputation for producing reliable, high-quality tractors has grown.

The Future for McCormick Tractors

The future of McCormick Tractors is looking bright. Since Argo Group purchased the company, McCormick Tractors has expanded its product range to include tractors ranging from 22 to 310 horsepower. The company has also invested in research to develop innovative technology, such as the McCormick xVT transmission. McCormick Tractors has a strong focus on customer needs, and the company plans to continue expanding its market reach to grow its customer base.

Conclusion

Who owns McCormick Tractors might not seem like an important question to ask, but it's important to understand how ownership affects a company. McCormick Tractors has gone through a lot of changes in its history, but it's clear that its current ownership under Argo Group has had a positive impact on the company. McCormick Tractors' future looks bright with a focus on innovation, quality, and customer satisfaction.