Branson Tractors' Parent Company Being Sold to TYM
Editor's Note: Sources have confirmed the sale of Branson’s parent company to Tong Yang Moolson Company (TYM) is nearing completion. Early indications are the Branson and TYM tractors brands will remain separate companies operating under a common owner.
UPDATED: April 19, 2016 at 1:00 p.m. CDT
According to Maeil Business News Korea the transaction is valued at 60 billion won ($52.4 million). TYM has chosen United Asset Management Company (UAMCO Ltd.) and Keystone Private Equity (PE) as its partners to shoulder the acquisition cost.
According to the investment banking industry, TYM will only have to raise 20 billion won to buy out its rival company and have the two investors come up with the rest of the 40 billion won in project funding. The two were assured to redeem the fund through an initial public offering or sale of Kukje Machinery to another party later in the future. The joint fund would reach 50-60 billion won, as additional capital would be necessary after the takeover.
Here is additional background from the April 2016 edition of Ag Equipment Intelligence:
Preferred bidders are being lined up to acquire Kukje Machinery Co., the South Korean agricultural equipment manufacturer whose tractors are sold under the Branson name in the U.S. and other markets.
Kukje Machinery is being sold by Dongkuk Steel Group, which owns just over 50% of the company’s stock. Other owners include Korea Development Bank, which has a near 29% holding, and the other financial institutions that became shareholders in a debt-to-equity arrangement made 5 years ago.
A bidding process managed by the South Korean arm of financial services consultancy EY (Ernst & Young) has reportedly reached preferred bidder stage, with agricultural tractor and equipment manufacturer Tong Yang Moolsan (TYM) and its finance partner Truben Investment likely to emerge as the leading candidate to acquire the ag equipment maker.
According to Maeil Business News Korea, acquiring Kukje Machinery and its Branson line would put TYM ahead of current number two LS Mtron among South Korean agricultural equipment players, and close to Daedong Industrial Co., the manufacturer of Kioti tractors and all-terrain utility vehicles.
All four are active in the U.S., with the top three having operations based in North Carolina: Daedong-USA Inc., manufactures 21-91 horsepower Kioti tractors in Wendell, N.C., and distributes them through more than 300 dealers.
LS Mtron’s subsidiary LS Tractor USA LLC, based in Battleboro, N.C., distributes 24-97 horsepower compact and utility tractors.
Its parent company has a supply agreement with Case IH for the compact models in selected markets, including the U.S.
TYM’s North American activities are based in Wilson, N.C., where it completes assembly and distributes compact and utility tractors ranging from 25-105 horsepower.
Kukje Machinery set up Branson Tractors in Rome, Ga., in 1998. It now distributes the 24-78 horsepower compact and utility tractors through 165 dealers in the U.S. and Canada, with additional warehouse, assembly and distribution bases in Plainview, Texas, and North Plains, Ore.
TYM manufactured my 2004 Mahindra 4110. They continue to manufacture the Mahindra 4110, 3510, 4510 and 7010. Others in the Mahindra 10-series have been replaced recently with machines made by Mitsubishi and Mahindra. Concurrent with Mahindra moving away from the TYM machines, TYM is bringing their own branded machines to America. From what I can tell, the Korean-made TYM's are every bit as good as the Mahindra 10-Series except that the FEL's are no longer made by KMW and the backhoes are no longer made by Bradco. So far, I think I'd rather have the KMW and the Bradco attachments... but I must admit that I have not actually tried the new TYM-made attachments.
Hello and welcome to NTT dgl24087!
Do you own a TYM Machine? I must admit they are interesting and becoming a little more popular around these parts...but I know very little of their history.
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Fair warning: TYM did experiment briefly with bringing in a Chinese-made tractor under the TYM brand name. I was told this was a failed "left coast only" experiment, but the units sometimes still appear on eBay from time to time with no one pointing out any difference. From every indication, they are not in the same class as the high quality tractors TYM made in Korea for Mahindra. They appear far more comparable to the Chinese Jinma tractors.
My nearest tractor dealership recently converted from M-F and Kioti to TYM. A new, well-financed, more aggressive TYM dealership also appeared last year in Springfield, MA. While my local dealer continues to suffer for many reasons, the Springfield operation appears to be very successful. I would have no hesitation recommending a TYM to a friend provided he dealt with a financially-strong dealership.
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TYM CORPORATION is a South Korean agricultural machinery manufacturing company headquartered in Seoul, South Korea with operations in more than 40 countries. The company began in 1951, founded in Busan, South Korea, as the Tong Yang Moolsan  and was renamed "TYM" in 2020. TYM designs, produces, and sells tractors, combines, cultivators, rice transplanters and diesel engines.
In 1968 it merged with Korea Light Metal and commenced agricultural Machinery production. In 1973 Anyang Farm Machinery Factory established; company shares opened to the public. TYM's Research and Development Institute and Agricultural Machinery Training Institute were established in 1993.
TYM entered the US tractor market in 2004 and acquired Kukje (Branson) in 2016. Kukje Machinery and its Branson line would put TYM ahead of current number two LS Mtron among South Korean agricultural equipment players, and close to Daedong Co., the manufacturer of Kioti tractors and all-terrain utility vehicles.
- Rice transplanters
- Combine harvesters
- Kukje Machinery (KM)
- ^Exchange rate at 31/12/2020 : 1,088 KRW per USD
Over 60 years of experience manufacturing and distributing high-quality tractors.
TYM is a dedicated compact and sub-compact tractor manufacturer. Established in 1951, they have over 60 years of experience manufacturing and distributing high-quality tractors. A worldwide brand, they are distributed solely by Reesink Turfcare in the UK and Republic of Ireland.
TYM strive to produce innovative, high-quality reliable tractors and are constantly looking at ways of improving the technology behind their products. By producing reliable machines, they have established themselves as one of the leading tractor brands worldwide, in markets that include the USA, Australia and Europe.
With models ranging from 25hp to 100hp, TYM caters for all your turf tractor needs. All models feature hydrostatic power-steering for effortless manoeuvrability, a tight turning circle and a four-wheel-drive front axle for greater traction. The comprehensive range also extends to an array of options and accessories to choose from, including backhoes, front loaders and all-weather cabs.VIEW PRODUCTSREQUEST DEMO
Makes the tym tractor who
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