Miller-St. Nazianz purchased by CNH Industrial

Miller St. Nazianz makes sprayers for farm use. (Miller St. Nazianz photo)

British-based CNH Industrial is acquiring Miller-St. Nazianz, the companies announced Wednesday.

Headquartered in St. Nazianz, Miller-St. Nazianz was founded as a hardware retailer in 1899. Miller has expanded through five generations of family management to become a leading innovator of front boom sprayers. One of the most used pieces of equipment on a farm today; sprayers operate through crop fields to distribute fertilizers and pesticides in the form of droplets. Miller's manufacturing facilities and 260 employees are supported by a worldwide distribution network.

"The acquisition of Miller, acknowledged as a leading innovator in its field, brings this exciting product portfolio into the New Holland family for worldwide distribution. This will further expand crop production sales utilising the New Holland brand network, which has been established in over 170 countries," said Richard Tobin, Chief Executive Officer of CNH Industrial.

Under the terms of the agreement, CNH Industrial N.V., through its wholly owned subsidiary CNH Industrial America, LLC, will acquire Miller's business in its entirety. The agreement is subject to customary closing conditions, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with the goal of closing before the end of the year.