Varity
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Varity was a former farm equipment company, created in 1986 from the remains of Massey-Ferguson Limited of Toronto, Ontario. Varity also owned Perkins Engines headquartered in Peterborough England and Kelsey-Hayes headquartered in Romulus, Michigan. In 1991, the company officially moved to Buffalo (Williams-Butler House at 672 Delaware Avenue in the Millionaire Row area of Buffalo)[1] and ceased to be a Canadian corporation.[2]
In 1994, in a deal worth three hundred and ten million dollars in cash and stock, the farm equipment divisions of Varity were sold to the US-based AGCO Corporation[3] who continue to use Massey-Ferguson as a product line.[4]
In August 1996, the remaining electrical, brake and Diesel engine divisions of Varity merged with Birmingham UK based Lucas Industries plc (Automotive & Aerospace) to become British-based LucasVarity.[5]
In 1998, following the LucasVarity merger, Perkins Engines, was sold to Caterpillar Inc.[6]
In March 1999, LucasVarity was purchased by US automotive company TRW.[7]
Massey-Ferguson exists today as the brand name within the AGCO Corporation of Duluth, Georgia, USA.[8]
Notes
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- Pages with reference errors
- Tractor manufacturers of the United States
- Auto parts suppliers
- Manufacturing companies established in 1986
- Defunct companies based in New York
- History of Buffalo, New York
- Manufacturing companies disestablished in 1996
- 1986 establishments in Ontario
- 1991 establishments in New York
