Deal Details
Miller Is Acquired by CNH Industrial
Summary
Miller-St. Nazianz, Inc. (“Miller” or the “Company”) recently completed the sale of its assets to CNH Industrial N.V. (“CNH Industrial”) (NYSE: CNHI / MI: CNHI). Terms of the transaction were not disclosed.
Baird served as the exclusive financial advisor to Miller-St. Nazianz, Inc. on this transaction.
About
Miller, a manufacturer of precision agricultural spraying equipment, was founded as a hardware retailer in 1899. The Company has expanded through five generations of family management to become a leading innovator of front boom sprayers. One of the most used pieces of equipment on a farm today, sprayers operate through crop fields to distribute fertilizers and pesticides in the form of droplets. Miller’s manufacturing facilities and 260 employees are supported by a worldwide distribution network. The Company is headquartered in St. Nazianz, Wisconsin.CNH Industrial is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to CNH Industrial is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defense and civil protection; and FPT Industrial for engines and transmissions. CNH Industrial is headquartered in Basildon, Essex, United Kingdom.
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- Date
- November 2014
- Company
- Miller-St. Nazianz, Inc.
- Transaction
- M&A - Sellside
- Sectors
- Industrial
- Verticals
-
Machinery & Equipment
- Target Geography
- North America
- Acquiror Geography
- Europe
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