United States potato equipment manufacturer Double L has been bought by a group of Idaho investors, the company announced in a news release on March 25. The investor group includes Teton Management Group, Pickett Equipment, and the Idaho Legacy Fund, all of which are headquartered in Idaho.
“Double L is a family-built legacy and a vital part of a rural community that provides high quality, American manufacturing jobs,” Jeff Sayer, newly appointed Double L CEO, says in the release. “Helping them reach their potential is a quintessential example of why we started the Idaho Legacy Fund. We are honoured to help Double L reach its potential.”
The release notes the investment will enable Double L to accelerate product offerings, expand support for customers, and enter a new era of leadership in the farm equipment industry. Double L was founded in 1975 and is a leader internationally in the potato equipment market.