Melbourne Tractors buys Chesterfield Australia’s construction arm
Chesterfield Australia’s construction division has been bought by Melbourne Tractors in a deal which includes the transfer of the Kobelco franchise and use of the company’s facility in the outer Brisbane suburb of Richlands.
Melbourne Tractors is already active in the Queensland market as a supplier of new and used compact and heavy equipment for construction, landscaping, industry and mining, trading as BrisVegas Machinery, but this acquisition allows the company to become a heavy-hitter in the state’s competitive market, according to Melbourne Tractors operations manager Kane Bennett.
"This is a once in a lifetime opportunity to acquire a construction business with such an outstanding reputation," he says. "Like Chesterfield Australia, we’re a family owned and operated business, with similar visions and values."
On the other side of the deal, which is expected to be finalised by early May, Chesterfield Australia CEO Gary Bone says the sale of the construction arm of the business would allow the company to fully focus on the agricultural division which has been its core business since 1963.
"We’re now fully focussing on the agricultural industry and with the changing landscape we can take full advantage of the arising opportunities in it," Bone says. "We will continue to support rural and regional Australia with expert service and advice and outstanding John Deere, Faresin and Noram machinery."
Chesterfield Australia is building a new state-of-the-art facility at Loganholme later this year, he adds.
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