Wednesday, November 16, 2016

Ritchie Bros. buys Kramer Auctions

Ritchie Bros. Auctioneers has bought Kramer Auctions of North Battleford, Sask.

Kramer operates approximately 75 on-the-farm auctions, four on site auctions and eight livestock auctions each year in Alberta and Saskatchewan.

The family business sold more than $60 million of agricultural equipment, real estate and other assets in the last year.

Ritchie Bros. dominates auctions across the Prairies, selling used equipment for the construction, transportation, agriculture, energy, mining, forestry and other industries.

Ritchie says it intends to retain the Kramer brand for the immediate future.