Duluth-based AGCO Corp. recently announced that it has purchased Industria Agricola Fortaleza Limitada (SFIL), an Ibiruba, Brazil-based manufacturer of farm equipment.
The acquisition is AGCO’s most recent effort to bolster its presence in the South American market, where the farm implement manufacturer and provider presently generates 15 percent of its worldwide sales.
A 40-year-old company, SFIL’s local expertise has earned it a solid reputation that AGCO plans to build upon.
“The addition of this line of implements will allow us to leverage the strength of our brands and our robust dealer networks to further grow our business in the South American region,” said Andre Carioba, AGCO South America’s senior vice president and general manager.
The SFIL factory will constitute AGCO’s fourth manufacturing plant in Brazil, adding to existing plants in the cities of Canoas, Mogi das Cruzes and Santa Rosa.