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Modern Machinery Purchases Madill
Modern Machinery has purchased the assets of the former Madill Equipment Company based out of Nanaimo, B.C. The purchase included all the parts and machine inventories in the US and Canada and the rights to the Madill name.
Although Modern Machinery has no plans in the immediate future to manufacture new machines, the company says it’s excited aboutr providing customers parts and service support.
“Our plan is to market parts and service in Canada, Australia, and New Zealand through existing equipment dealerships. In the US this support will be handled by existing Modern Machinery branches,” stated the company in a press release.
The equipment the company acquired as part of the purchase will be sold at auction by Ritchie Brothers this fall. And it will not be able to offer any equipmetn pieces for individual sale. “Because our acquisition did not include any warranty reserves, we will not be able to offer any warranty coverage on new machines or be able to honor any existing warranties for machines in the field,” the company said.
Curtis Bolton has been hired as the General Service Manager to assist with technical issues and Jeff Bergunder will be the General Parts Manager. Both will be based out of Nanaimo. In addition, Modern Machinery has hired numerous former Madill parts and service employees with expertise on the Madill product.