Gehl to stop producing agricultural implement line

Gehl will discontinue manufacturing and distribution of its agricultural implement product lines, ceasing operations over the next 60 days. The product line discontinuation is expected to result in an after-tax charge to the company’s earnings of $9.5 million and a reduction of 140 employees.

“Over the last 20 years, there has been a continuous consolidation occurring in the U.S. dairy industry,” said William Gehl, company chairman and chief executive. “The decision to discontinue the agricultural implement product lines is a response to the ongoing reduction of the company’s traditional dairy farmer customer base and the resultant decline in the company’s sales and earnings of its implement line.”