Ingersoll Tillage Group has acquired Corporación Patricio Echeverria

Ingersoll Tillage Group, a North American manufacturer of tillage tools for the agricultural sector, announced the acquisition of a majority stake in Corporación Patricio Echeverría for an undisclosed amount. Lincoln International (“Lincoln”), a global mid-market investment bank, advised ITG in the transaction. Lincoln`s role included mergers and acquisitions and debt advisory work.

With more than 100 years of history in more than 120 countries and with more than 1,300 employees, CPE, better known worldwide by its brand Bellota, has two businesses: Bellota Hand Tools (BHT) which focuses on the development, manufacturing and commercialization of high-quality hand tools (more than 18,000 references) for construction, gardening and agriculture uses, with commercial and manufacturing presence in Spain, México, Colombia, Brazil and the U.S. (under the brand of Corona in the U.S.); and Bellota Agrisolutions (BAS) that focuses on the development, manufacturing and commercialization of components for agricultural machinery (blades, cultivator points, tines, points for ploughshares, etc.), which has commercial presence in all worldwide agricultural areas and manufacturing facilities in Spain, India, Brazil and the U.S.

About Ingersoll Tillage Group

Ingersoll Tillage Group has more than 100 years of history producing and providing high-quality, ground-engaging tillage tools mainly for the North American markets. ITG is a privately held group of companies focused on delivering key components to their chosen customers. The Company’s line of disc blades, coulters and planting/seeding discs are supplied to many of the major original equipment manufacturers (OEMs) and marketed under their brand marks. Some of the products produced by ITG include ResidueRazor disc, SoilRazor disc, Super Sharp blades and Duraface long-wearing blades.

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