CNH Industrial N.V. announced today that it has entered into a definitive agreement to acquire substantially all of the assets of precision spraying equipment manufacturer Miller-St. Nazianz Inc.
The assets of Miller acquired as part of the transaction will become part of New Holland Agriculture, a CNH Industrial brand, building on a four-year manufacturing and distribution partnership between New Holland and Miller in North America.
Under the terms of the agreement, CNH will acquire Miller’s business in its entirety, which is headquartered in St. Nazianz, Wis. The agreement is subject to customary closing conditions, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with the goal of closing before the end of the year.
“We thank the Millers for their innovation and partnership these past years and look forward to welcoming their dealers and employees to the New Holland and CNH Industrial family of companies,” said Abe Hughes, Vice President of New Holland North America. “Their products have been a welcome addition to our crop production offering and we intend to further innovate and develop this important product line in the years to come.”