 | |
| Industry | Automotive |
|---|---|
| Founded | 1986 |
| Defunct | 1996 |
| Fate | Merged |
| Successor | LucasVarity plc (non agricultural) AGCO (agricultural equipment under MF banner) |
| 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 Canadian multinational manufacturing company, created in 1986 from the remains of Massey Ferguson (MF) of Toronto, Ontario, Canada. Varity also owned Perkins Engines, headquartered in Peterborough, England, and Kelsey-Hayes Company, headquartered in Romulus, Michigan, as well as subsidiaries in many countries. After a period of corporate losses left MF insolvent, Varity was formed to detach the ownership of insolvent Massey Ferguson from its liabilities, including pension plans, and enable the Massey Ferguson brand and several subsidiaries to continue as working entities. By the year 2000, Varity itself was defunct, having successfully sold off its divisions.