Saskatchewan based Degelman Industries received a vote of confidence on January 16 with an investment from the Golden Opportunities Fund, Saskatchewan’s local investment fund. The fund is managed by Westcap Management Ltd. Degelman Industries of Regina is a recognized leader in the design and development of agricultural and industrial equipment with an established retail network. In a time of economic challenges for other prairie based manufacturers, the investment speaks a confidence in the sector. 

In a media release, President Grant Kook of Westcap noted that Degelman’s international reach and its collective of expertise led to the decision.

“This investment will continue to drive economic growth in our province by fueling Degelman’s success here at home and ensuring that its innovative, high quality and diverse products and product lines continue to reach various sectors and markets across the world.”

Degelman’s single-stream product line of rock pickers started in 1962, and the company is proud of a robust design that sees some of those first machines still in use today on farms. The lines have since expanded to include tillage equipment, land rollers, heavy harrows, and bulldozer blades. 

Paul Degelman, spokesperson for Degelman Industries, believes the relationship will take an already known brand and secure new markets and possibilities.

“Our new relationship with Golden Opportunites and Westcap will solidify our roots here in Saskatchewan with a partner that understands the importance of our local culture, will foster new growth, and will propel our plans to grow our brand and our business globally.”

In an era where economic constraints abound, propelled by international trade and domestic sales challenges, the investment partnership has Degelman Industries on solid ground.