Acme Tools Buys Fargo Tractor Assets From Titan Machinery

Acme Tools has acquired Fargo Tractor assets from Titan Machinery Inc (NASDAQ:TITN). The financial terms were not disclosed.
Acme Tools has acquired the new assets for Kubota, Cub Cadet, Grasshopper, and Woods products from Fargo Tractor.
Acme Equipment, a division of Acme Tools focusing on equipment brands, has been approved by Kubota Tractor Corporation as the new Kubota dealer for the Fargo/Moorhead region in North Dakota and Minnesota.
The current Acme Tools store in Fargo, N.D., will initially provide sales and service for the area.
Construction of a new 28,000 square-foot Acme Equipment facility near the store will begin this year.
Price Action: TITN shares traded lower by 1.02% at $27.57 on Monday's last check.