Lindsay Acquires South African Pivot Manufacturer
Lindsay Manufacturing Africa Ltd., a subsidiary of Lindsay Manufacturing of Omaha, NE, has acquired Stettyn, a leading manufacturer of center pivots in South Africa.
With its headquarters in Bloemfontein, Stettyn specializes in small but standard height pivot systems, a new market segment for Lindsay.
This acquisition launches Lindsay into a stronger position in the pivot market in South Africa and strengthens its position in Ssub-Saharan markets, said Rick Parod, Lindsay president and CEO. The two distributor networks will be kept separate and continue with the Stettyn brand name.
The Stettyn center pivot is designed for the growing market segment of farmers who want an irrigation system for smaller parcels of land or who are converting dry land with scarce water supplies. The product compliments Lindsay's Zimmatic brand of pivots, which serves farmers requiring larger systems.
Lindsay is a global manufacturer with facilities in Nebraska, France, Brazil, and South Africa.