Amerop Holdings has sold a 50% stake in Ingersoll Tillage Group
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Amerop Holdings, Inc. (“Amerop”), a U.S. corporation, has sold its 50% stake in Ingersoll Tillage Group (“ITG”) to Ontario Inc. ITG, a North American manufacturer of tillage tools for the agricultural sector, is the majority owner of Corporación Patricio Echeverría (“CPE”), a global manufacturer of hand tools and high-precision tillage equipment. Amerop was advised by Lincoln.
Lincoln’s role included advising Amerop on different strategic alternatives for managing its stake in ITG, as well as participating in the execution of the transaction.
About ITG
ITG is a global leader in the manufacturing of high-precision consumable wear components embedded into agricultural soil preparation and seeding equipment implements, primarily under the Ingersoll Tillage and Bellota AgriSolutions brands and serves both the OEM and aftermarket channels. The Bellota Hand Tools division is also a leading manufacturer and distributor of branded manual hand tools for the agriculture, construction and gardening end markets in Europe, North America and Latin America under leading brands including Bellota and Corona. The company is based in Hamilton, Ontario, and Legazpi, Spain. The combined company has over 1,500 employees in 14 countries, with products sold in over 80 countries around the world.
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