New Holland was an American based company founded in Pennsylvania specialising in manufacturing agricultural equipment. An Australian plant and marketing facilities were established in 1954 under the parent company Sperry New Holland. On 30 June 1955 the Sperry Corporation and Remington Rand Corporation consolidated to become the Sperry Rand Corporation and the company New Holland Australia was formed. The Australian manufacturing plant was expanded in 1982-3 with the building of the Cranbourne plant which manufactured fronts for combines, racks, round and square balers, grinder mixers (for stock food), slashes, bale elevators and carriers, and cabins for machines. In 1986 Ford Motor Company acquired Sperry New Holland which was merged with Ford Tractors to form the new company Ford New Holland. The Australian plant stopped manufacturing in 1990. In 1991 Fiat acquired Ford New Holland and merged it with the Fiat agricultural machinery division to form New Holland Geotech, known as New Holland from 1993. The company vacated the Cranbourne plant at the end of March 1993.