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Benzinga

Business

Akanksha Bakshi

Acme Tools Buys Fargo Tractor Assets From Titan Machinery

Fargo (Geopolitical Entity) Kubota ND (Geopolitical Entity) TITN Nasdaq Minnesota North Dakota

Acme Tools has acquired Fargo Tractor assets from Titan Machinery Inc (NASDAQ:TITN). The financial terms were not disclosed.
Acme Tools has acquired the new assets for Kubota, Cub Cadet, Grasshopper, and Woods products from Fargo Tractor.
Acme Equipment, a division of Acme Tools focusing on equipment brands, has been approved by Kubota Tractor Corporation as the new Kubota dealer for the Fargo/Moorhead region in North Dakota and Minnesota.
The current Acme Tools store in Fargo, N.D., will initially provide sales and service for the area.
Construction of a new 28,000 square-foot Acme Equipment facility near the store will begin this year.
Price Action: TITN shares traded lower by 1.02% at $27.57 on Monday's last check.

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