Buhler Industries Acquires Feterl Manufacturing: Creates Jobs in Salem


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PRESS RELEASE
711 E. Wells Ave.  |  Pierre, SD 57501  | 800-872-6190 | fax 605-773-3256
FOR IMMEDIATE RELEASE: Thursday, Feb. 11, 2010
CONTACT:Mary Lehecka Nelson, Marketing and Public Relations Manager, 605-773-3301

Buhler Industries Acquires Feterl Manufacturing: Creates Jobs in Salem

PIERRE, S.D. – Canadian-based Buhler Industries Inc., a designer, manufacturer, and distributor of agricultural equipment, is setting up shop in Salem and is projected to create 47 new jobs in the next three years. 
 
Buhler Industries is purchasing the assets of Feterl Manufacturing Corp. of Salem. Feterl filed for bankruptcy in 2009, and its facilities have been vacant.
 
“Having an international company such as Buhler Industries establish a presence in South Dakota is great news for our state,” Gov. Mike Rounds said. “Getting operations up and running again at the Salem facility will be a boost to the region and the state.”
 
Buhler’s purchase plan was partially financed with a REDI Fund loan through the South Dakota Department of Tourism and State Development, Governor’s Office of Economic Development.
 
Buhler Industries is buying Feterl’s land, buildings, equipment, tooling, inventory, patents and trademarks. The acquisition will enable Buhler to expand its line of Farm King grain-handling equipment and increase its auger manufacturing capacity.
 
“Many of Feterl’s former employees have been commuting from Salem to other communities in the area, so to expand our employee base locally is a wonderful opportunity,” said Darwin Miller, president of the Salem Economic Development Corporation. “I’d like to welcome Buhler Industries to the community and look forward to their future success.”
 
 
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 Fast Facts:

  • Already in 2010, the Governor’s Office of Operations (GOED) has announced four companies are either expanding in or relocating to South Dakota. They are: Buhler Industries, Salem; ASI, Rapid City; Ultimed, De Smet;Midwest Converters, Gary.
  • Over the next three years, these companies are expected to create nearly 150 new jobs in South Dakota.
  • The expansion in Gary also led to the retention of 19 jobs.
  • These business developments are not inclusive of all new businesses in South Dakota, but rather businesses that work directly with the GOED.

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