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Langbank, Saskatchewan, Canada
October 6, 2006
Seed Hawk Inc
is pleased to announce an agreement to sell a minority share in
the company to
Vaderstad-Verken, an agricultural company based out of
Sweden. In addition, a new manufacturing plant is being planned
at the existing facility near Langbank, SK to accommodate
significant growth.
“This agreement gives us instant access to international markets
through a well respected European company,” says Pat Beaujot,
President of Seed Hawk. “Vaderstad’s investment in our company
and the building of our new facility will benefit both our
international customers as well as our domestic market.”
Vaderstad is one of Europe’s leading manufacturers of equipment
for soil cultivation and seeding. All of their products are
manufactured in Sweden with eight fully owned subsidiaries plus
a number of importers that distribute product to 30 markets in
Europe and Asia. A new subsidiary is currently being established
in the Ukraine.
Vaderstad’s investment in Seed Hawk was motivated by their
expansion into Eastern Europe, where dryland farming conditions
are similar to Western Canada.
“Vaderstad looked at a lot of seeding equipment and felt that
ours was the best product on the market for their expansion into
dryland farming,” says Beaujot. “Manufacturers of seeding
equipment in Western Canada are the global leaders in direct
seeding technology so being chosen by a leading European company
like Vaderstad was a huge compliment.”
In addition Seed Hawk can access Vaderstad’s technology for use
in machines manufactured for North America.
“One of the technologies that we are looking at incorporating
into our metering drive is their variable rate system,” says
Beaujot.
Seed Hawk was established in 1992 to develop a drill that
seeds, bands and packs in one pass. Seed Hawk has continued to
develop their product and is currently working on a new and
innovative opener. Seed Hawk strives to develop the most
accurate seed and fertilizer placement system to help growers
seed more efficiently and profitably. |
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