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Vermeer Corporation and the Dutch-based Lely Group have jointly acquired German agricultural baler and bale-wrapper manufacturer Welger Maschinenfabrik GmbH. According to Vermeer Co-CEO and Chairman of the Board Robert Vermeer, the new Vermeer-Lely alliance creates "huge benefits" for all three high-profile brands (Vermeer, Lely, Welger), including a much larger global presence in grassland machinery and baling equipment for the two controlling companies. The Welger product line consists of high-quality hay baling and bale-wrapping equipment. The German plant currently employs 375 people. Latest reported sales revenues were approximately 67-million EURO. Majority ownership in Welger Maschinenfabriek GmbH was previously held by Andlinger, a private investment partnership. |
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