Blount International, Inc. and SMA, Inc. announced on November 17 that they have entered into a definitive agreement in which SMA will acquire certain assets of Blount’s TISCO aftermarket parts business.
Once the transaction is complete, SMA and TISCO’s combined product offering will be among the broadest in the industry. SMA supplies more than 15,000 agricultural parts, primarily implement replacement parts and accessories, while TISCO offers approximately 16,000 tractor, combine and agriculture equipment parts.
“Customers will definitely benefit from the breadth of the combined product offering and the efficiency of doing business with a single supplier,” said Jerry Johnson, president of Blount’s Farm, Ranch, and Agriculture Division. “The TISCO brand has been part of our family since 1999, and I am excited to watch SMA grow and strengthen its presence in the marketplace.”
SMA (www.smalink.com) is committed to a smooth integration of the business to ensure a seamless customer experience. “Our acquisition of TISCO will allow us to improve service to our customers in many ways,” said SMA President Rodger Hurt Jr. “In particular, service will be enhanced through expanded distribution, more intensive field representation, and of course, added breadth to our product offering. It’s a good fit. TISCO has deep roots as a focused, family-run business, as do we.”
The transaction is expected to close in late December 2016.