FECON ANNOUNCES PURCHASE OF THE VERMEER FORESTRY MULCHING PRODUCTS AND ENTERS INTO GLOBAL DISTRIBUTION AGREEMENT
February 1, 2021 (Lebanon, OH) -- Fecon LLC announces the purchase of the Vermeer forestry mulcher product line and through this arrangement has established a global distribution agreement with the company. This distribution agreement with Vermeer, which will be rolled out on a controlled basis throughout 2021, will provide their dealers access to the robust line of mulching equipment that leverages the best of Vermeer and Fecon mulching technology. This distribution strategy leverages the scope and size of traditional Vermeer dealerships by focusing on market segments with differentiated product needs. Blending the learnings and engineering expertise of both teams provides dealerships and customers with products that are easy to buy and own.
“Adding Fecon engineering and technology will make it easier for customers to buy the equipment best suited to their needs,” said Fecon LLC CEO Bob Dieckman. “With their extensive coverage and high standard of customer support, as well as the professional and strategic Vermeer sales organization, we are certain that both organizations will benefit from the partnership.”
Fecon will start the process with a select, yet global group of Vermeer dealers in 2021, as well as strategically specify products and methodically expand from there. The company will assume production and support of the Vermeer model FT100 and FT300 forestry mulching tractors, and has begun moving these functions to their Lebanon, Ohio factory.
"Fecon’s forestry innovation and product lineup is a great complement to our equipment portfolio," said Vermeer President of Industrial Solutions Doug Hundt. "With a lineup of products that support the land clearing, utility right-of-way and fire mitigation markets, their mulching attachments and tractors will give our dealers a broader portfolio to support those customers we are already working with in those markets."
About LFM Capital
LFM Capital is a private equity firm based in Nashville, Tennessee. The LFM team is led by experienced and successful Fortune 50 global executive managers and private equity professionals who bring decades of management leadership, operating best practices, exceptional professional recruiting networks, and a successful track record in lower middle market investing. LFM targets lead or control investments in U.S.-based lower middle market manufacturing and industrial services companies with at least $3 million of EBITDA and enterprise values ranging from $15 million to $125 million. The firm’s mission is to partner with portfolio company management to develop and build world-class operations through a combination of manufacturing and operations excellence and targeted growth and expansion strategies. For additional information, please visit www.lfmcapital.com.
About Fecon
Established in 1992 near Cincinnati, Fecon manufactures the Bull Hog® the #1 selling forestry mulcher. They also manufacture tracked carriers and tractors, as well as a full range of attachments and other equipment for vegetation management. Their products are sold through equipment dealers and distributors worldwide. For more information on Fecon products visit them online at www.Fecon.com.
About Vermeer Corporation
Vermeer delivers a real impact in a progressing world through the manufacturing of high-quality tree-care, agricultural, underground construction, surface mining, and environmental equipment. With a reputation for durability and reliability, that equipment is backed by localized customer service and support provided by independent dealers around the world. To learn more about Vermeer, products, the dealer network and financing options, visit vermeer.com.