Agricultural equipment manufacturer TYM recently completed the acquisition of all the assets of Kukje Machinery of Korea (parent company of Branson Tractors) to become the number one Korean tractor manufacturer.
For the past 65 years, TYM’s corporate vision has been to become the leading tractor manufacturer. With the acquisition of Kukje Machinery, TYM is now one step closer to accomplishing this vision with the combined company’s sales revenue exceeding $600 million and dealer network broadening by 250 dealers in Korea and distributorship in 30 countries worldwide.
The combined company plans to maintain TYM and Branson as separate and unique brands in North America but will aggressively pursue growth in world agricultural equipment market through synergistic research and development and improved manufacturing efficiency from economies of scale that will result in increased competitiveness. With the acquisition complete, TYM will supply an estimated 15,000 tractors to North America in 2016.