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Foley Industries to purchase Martin Tractor

WICHITA — Almost a year ago, Foley Industries president Ann Konecny told Have You Heard? there was a chance her company would purchase Topeka’s Martin Tractor.

Now, it’s happening.

Konecny says the deal to buy her rival Caterpillar dealer should close Nov. 2.

“This basically gives Foley the entire state except for one county in southeast Kansas and five counties around Kansas City,” Konecny says.

Previously, the two companies each had about half the state.

Martin, a 98-year-old company, has between 250 and 300 employees.

“The vast majority of them have been extended offers, and the ones who haven’t will be receiving severance,” Konecny says.