Varity

Varity Inc

Industry	Automotive
Fate	Merged
Successor	LucasVarity plc
Founded	1986
Defunct	1996
Headquarters	Toronto Canada and later Buffalo, New York United States
Key people	Victor A. Rice and Vincent D. Laurenzo
Products	Braking, Diesel Engines and Electrical Systems
Number of employees	9,000
Subsidiaries	Massey-Ferguson and Perkins Engines

Varity was a former farm equipment company, created in 1986 from the remains of Massey-Ferguson Limited of Toronto, Ontario. Varity also owned Perkins Engines headquartered in Peterborough England and Kelsey-Hayes headquartered in Romulus, Michigan. In 1991, the company officially moved to Buffalo (Williams-Butler House at 672 Delaware Avenue in the Millionaire Row area of Buffalo) and ceased to be a Canadian corporation.

In 1994, in a deal worth three hundred and ten million dollars in cash and stock, the farm equipment divisions of Varity were sold to the US-based AGCO Corporation who continue to use Massey-Ferguson as a product line.

In August 1996, the remaining electrical, brake and Diesel engine divisions of Varity merged with Birmingham UK based Lucas Industries plc (Automotive & Aerospace) to become British-based LucasVarity.

In 1998, following the LucasVarity merger, Perkins Engines, was sold to Caterpillar Inc.

In March 1999, LucasVarity was purchased by US automotive company TRW.

Massey-Ferguson exists today as the brand name within the AGCO Corporation of Duluth, Georgia, USA.