“Committed to building the best business environment for North American equipment dealers.”

Industry & Manufacturing News

North America President and CEO Tommy Jones with Krone announced plans last week to relocate its headquarters from Memphis, Tennessee, to Shelbyville, Indiana. The company will also construct a new distribution center, showroom and training facility there. Together, the project is expected to create up to 101 new high-wage jobs by 2021.

The company, which is owned by Germany-based Bernard Krone Holding GmbH & Co. KG, will invest $12.5 million to construct a 200,000-square-foot facility on 40 acres of undeveloped land at the intersection of Highway 44 and I-74. With a majority of space dedicated to distribution and showrooms, the facility will serve as the company’s primary distribution hub and training center in North America. The new facility will also house approximately 20,000 square feet of office space to accommodate Krone’s corporate headquarters team, which is expected to transition to Indiana in 2017.

Krone anticipates beginning to hire in 2017 for multiple types of positions, including warehouse and office staff as well as management once it is determined how many current employees will relocate from Memphis to Indiana. New positions will offer average salaries nearly double the state’s average wage. Read More...

NAEDA & Association News, Dealer News

The Equipment Dealers Association is please to welcome a new Associate Member - LEAF Commercial Capital, Inc.

LEAF Commercial Capital, Inc. (“LEAF”) is one of the leading equipment leasing and finance companies in the U.S. Having financed over $4.5 billion for more than 170,000 customers, LEAF helps vendors of agricultural and outdoor power equipment accelerate their sales by providing fast, easy, flexible financing for their end users. www.LEAFFastFunds.com. Read More...

Industry & Manufacturing News

CASE Construction Equipment has announced that Jim Hasler is retiring as vice president-North America, effective in April 2016, after 34 years of service with the company. Scott Harris, the current vice president of Parts and Service for CNH Industrial, will take over the role and oversee the North American construction equipment operations for CASE.

Harris first joined CNH Industrial’s Capital group in 2006 as U.S. sales manager for construction equipment, and later served as northeast region sales manager for both agricultural and construction equipment. In 2007, he became senior director of sales and marketing for that division. His last role with CNH Capital was as vice president of U.S. financial services and operations, where he was responsible for the overall sales growth and profitability of CNH Capital’s financial products and services. Read More...

Legislative & Regulatory News

EDA co-hosted a Legislative Fly-In to Washington D.C., March 1-4, with the Iowa-Nebraska and Minnesota-South Dakota Equipment Dealers Associations. Legislative Fly-Ins are a critical aspect of Government Relations at EDA which allow dealers to participate directly in our political process. We applaud the dealers who took time from their busy schedules to participate in this event. On Tuesday evening, March 1, EDA hosted a welcoming reception/dinner for the participants, who were joined by lobbyists from the American Rental Association, Associated Equipment Distributors, Association of Equipment Manufacturers, Case IH, and John Deere. 

Over the course of the Fly-In, the dealers took their message to Capitol Hill and met with nearly 30 representatives and senators. During these meetings, dealers thanked their legislators for passing Section 179 permanently and repealing COOL in 2015. They also asked them to support legislation that would result in regulatory reform, to implement fair and equitable tax reform and to support free trade. 

A complete copy of the report is available here. Read More...

Industry & Manufacturing News

EDA is leading an industry task force on right to repair legislation, an issue that could have significant impact on dealers across the United States and Canada. Natalie Higgins, EDA VP of Government Relations chairs the task force, which includes participants from regional dealer associations, OEMs, non-government agencies, and like-minded trade associations. 

For more information, contact Natalie Higgins at higginsn@naeda.com or 636.349.6206. Read More...

Industry & Manufacturing News

The OPE Dealer Council met on February 22 in Memphis, TN at the Joint Annual Convention (Deep South, Midwest-SouthEastern, and Southern Equipment Dealers Associations). Joe Dykes, EDA VP of Industry Relations and Natalie Higgins, EDA VP of Government Relations provided updates on a variety of topics, including government relations, manufacturer relations, membership, and member benefits. Other topics of discussion included the EDA Dealer-Manufacturer Relations Survey and the OPE priority issues used in guiding discussions with OEMs. For more information, contact Joe Dykes at dykesj@naeda.com or 636.349.6205. Read More...

NAEDA & Association News
Please take note

The Equipment Dealers Association has completed the move into its new offices.  Please make note of the new association address.  Phone numbers and email addresses remain the same.

Equipment Dealers Association
165 N Meramec, Suite 430
St. Louis, MO 63105 Read More...

Industry & Manufacturing News

Vermeer Corporation has announced that Robert Hund and Scott Nelson have joined its board of directors. Both are veteran corporate executives in the industrial equipment manufacturing industry.
 
“Robert and Scott bring a wealth of proven business and manufacturing leadership experience to our board,” said Jason Andringa, Vermeer President and CEO. “Both bring strong skills in strategic thinking and financial management to our company.” Hund most recently was the president of Manitowoc Foodservice, a commercial kitchen equipment manufacturer. He also has held marketing and product development executive positions with Manitowoc Cranes and led product development for the mining and construction equipment division of Caterpillar, Inc.
 
“Robert brings vast international and product development experience to our board of directors,” said Mary Andringa, Chair of the Board for Vermeer. As president of Sullair LLC, an industry leading global manufacturer of compressed air solutions, Nelson leads the company’s product development, manufacturing and worldwide distribution. He also has held executive positions with Doosan Infracore Construction Equipment, Doosan Infracore International and Ingersoll Rand/Bobcat Division. “Scott has a strong global industrial equipment manufacturing and business management background,” said Mary Andringa. “We are excited that he will be joining the Vermeer board.” Read More...

NAEDA & Association News

The Equipment Dealers Association is pleased to welcome new Associate Member HBK CPAs and Consultants (HBK).  Established in 1949, HBK offers the collective intelligence of hundreds of professionals in a wide range of tax, accounting, audit, business advisory, financial planning, and other business operational and support services from offices in four states. HBK professionals deliver industry-specific expertise in manufacturing; healthcare, including long-term care; real estate and construction; automotive dealerships and not-for-profit organizations. HBK combines the technical resources and expertise of a large national accounting and professional consulting firm with the personalized attention of a local company. The firm is ranked in both Accounting Today and Inside Public Accounting magazines’ Top 100, and supports clients globally as a member of BDO USA. HBK maintains locations in Alliance, Columbus and Youngstown in Ohio, Erie, Hermitage, Meadville and Pittsburgh in Pennsylvania, Lawrenceville in New Jersey, and Fort Myers, Naples, Stuart, and Sarasota in Florida. Read More...

Industry & Manufacturing News

Washington has greenlighted construction of the first US factory in Cuba in more than half a century. The factory will be built by an Alabama company, to sell tractors to the socialist country’s private farmers. The Cuban government has created a special economic zone 30 miles west of Havana specifically to attract foreign investment, and business partners Saul Berenthal, who is Cuban-born, and Horace Clemmons sought to capitalize on this. The Treasury Department told the businessmen last week that they are allowed to build the $5-10 million factory that produces heavy farm equipment.

Cuban authorities have already endorsed the project, and Berenthal and Clemmons have said that they plan to start producing tractors by early 2017. This would mark the significant first business investment in Cuba since Fidel Castro and the Communist Party took power in the 1959 Cuban Revolution, and confiscated billions of dollars of US property on the island. In response to that mass nationalization, the US government slapped the island nation with a strict embargo that prohibited just about all forms of commerce. Read More...

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