Company:Bizon (company)

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Bizon was a combine harvester producer based in Płock, Poland. It designed machines for harvesting cereals, rapeseed, maize, sunflower and other crops. Bizon company was privatized in 1992 after the reorganization of Agromet, a state-owned agricultural business.[1] In 1995 Bizon reached account profitability and in 1997 had a net sales of about $40 million and a $4 million net profit.[2]

Bizon held approximately 60% of the Polish combine harvester market and had begun sales expansion in Latin America, Pakistan, Belarus and Ukraine.[3]

On 29 July 1998, 90.87% of Bizon Sp.zo.o. was acquired by New Holland for $33 million. The remaining shares of the Polish company were purchased in March 1999. The U.S. Securities and Exchange Commission estimated that New Holland had paid $18 million more than the company's actual value.[4]

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