Buhler Industries Inc. has announced the election of new officers from Combine Factory Rostselmash Ltd. The election comes one week after Rostselmash acquired 80% of the common shares of Buhler Industries Inc. The newly elected officers from Combine Factory Rostselmash Ltd. are Dmitry Udras, Chairman of the Board of Directors; Yury Ryazanov, Chief Executive Officer and Secretary Treasurer; and Dmitry Lyubimov as President and Chief Financial Officer. John Buhler has resigned as Chief Executive Officer and Chairman of the Board. Ossama AbouZeid has resigned as President, Chief Financial Officer and Secretary Treasurer.
The company plans to continue to produce and sell all the products built by Buhler Industries Inc, marketed under the Buhler, Buhler Allied, Buhler Farm King, Buhler Inland and Buhler Versatile brand names. The dealer / distribution network will remain largely unchanged, however the Rostselmash network of more than 200 dealers in Russia, Ukraine and Kazakhstan will now carry Buhler Versatile tractors.
Rostselmash is a major combine manufacturer located in Rostov-on-Don, Russia that produces over 17% of the total world production of agricultural combines. For more information, visit www.rostselmash.com.
Buhler Industries Inc. (TSX: BUI) designs, manufactures and distributes agricultural equipment. The products are marketed under the Buhler brand name, including the Farm King, Allied, Inland and Versatile product lines. Buhler Industries Inc. operates seven modern manufacturing and nine distribution centers totaling over 1.6 million square feet of facilities in the United States and Canada and employs more than 800 people. For more information visit www.buhler.com.
Adam Reid, Advertising Manager
Phone: (204) 479-4667
E-mail: areid@buhler.com
Trading symbol: BUI