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BUHLER INDUSTRIES STREAMLINES OPERATIONS

Newswire.ca - Thu Mar 28, 5:02PM CDT

(TSX: BUI)

WINNIPEG, MB, March 28, 2024 /CNW/ - Buhler Industries Inc. ("Buhler Industries or the Company"), the manufacturer of Versatile and Farm King brands of farm equipment, has made operational restructuring changes in the first quarter of 2024 that is expected to result in significant full year savings. The Company also plans to increase production in 2024 over its 2023 results further resulting in increased margins. Başak Traktör Tarim Ziraat Ve Iş Makinalari Sanayi Ticaret A.Ş. (Basak Traktor), which recently acquired 96.7%, is fully supportive of returning the Company back to profitability and expects to see sales of both Versatile and Farm King equipment increase in the coming years. Basak Traktor is a wholly-owned subsidiary of ASKO Holding.

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