Väderstad, a Swedish agricultural equipment manufacturer, has acquired Seed Hawk.
Seed Hawk is a manufacturer located in Langbank, Sask. There are about 250 employees at Langbank, which will continue to be the company’s head office and primary production site.
Seed Hawk began partnering with Väderstad in 2006.
“Since the beginning of the co-operation, Väderstad has been impressed by Seed Hawk’s spirit, inherent power, innovations and potential for growth. Since 2006 Seed Hawk sales have increased 700 per cent,” said Christina Stark, Väderstad’s CEO in the corporate press release.
The acquisition will lead to long-term investment in the Langbank factory, and more job opportunities will be created to enable Seed Hawk to grow.
“When Väderstad was considering investing in a North American factory, Seed Hawk management felt strongly that there was no better place to do it than Langbank, Sask.,” said Pat Beaujot, Seed Hawk’s founder in the release.
“However, in order to make an investment of that magnitude, Väderstad wanted controlling interest in the company. When my partner Brian Dean and I looked at what having an even larger factory expansion in Langbank could do for our employees, our community and our province, it just made sense for us to sell. We know Väderstad will continue to build a very strong company in Langbank, as they think very long term.”
The current general manager, Peter Clarke, will become president and CEO.
Väderstad sold $330 million of equipment to farmers in 40 countries in 2012.
Since 1992, Seed Hawk has been building precision seeding systems to better equip farmers and improve agricultural practices. Seed Hawk manufactures state-of-the-art, zero-tillage seeding systems that are sold in Canada, the U.S., Australia, and Eastern and Western Europe. †