Oliver wasnt bankrupt and it didnt go on the auction block. White acquired Oliver through a corporate takeover when it gained majority control of 51% of the company on November 1 1960. White then bought Cockshutt in 1962 and Moline in 1963. White did away with Cockshutt replacing them with Oliver tractors as everybody knows. However Oliver and Moline continued to operate as fairly separate entities until 1969 when White began merging the 2 tractor lines. Both companies continued seperate R&D and maintained separate Dealer networks so yes even though White was pocketing the money, No Oliver did not cease to exist after the 1960 takeover.
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Today's Featured Article - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
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