left Isaria-Zählerwerke on 31 December 1917, and on 1 January 1918, he became Managing Director of the Bayerische Eggenfabrik AG in Feucht, Germany. The formal founding of the company took place on February 9, 1918, simultaneously while acquiring the land from the furniture company Karl Beer. The plot was approximately and was acquired for 168,000 German marks. Under the leadership of Löffler, what is now known as Fella-Werke GmbH began as a harrow production company. It did not take long before Fella started acquiring other companies, however. In 1923, Fella acquired a loader wagon company and in 1924, they added the production of ploughs to their line. In 1931, Fella took over Epple & Buxmann in Augsburg. This was a crucial step in their harvesting technology. In that acquisition, Fella began their first production of mowers, tedders and rakes mainly for grain production. In 1954, there was the introduction of Jupiter, a self-propelled combine harvester. This harvester was very modern and advanced for the time, being able to work through not only one, but many different types of grain. In 1966, Fella added yet another product to their line: silos. In the 1980s, and 1990s, Fella really began to focus on their forage product range. They kept a large product range, but focused on advancing in the forage harvesting industry. Fella has still been making technical innovations in the field with the world’s largest mounted disc mower (working width: ), the and 42.65-foot (13 m) tedders, and the TS 40000 rake. Present AGCO GmbH is still located in Feucht, Germany. The present product range is focused on forage harvest implements: mowers, tedders, and rakes. AGCO is still known for having the largest forage harvesting product range, as well as professional sized machinery. Management AGCO also went through many management changes; in 1988, there was a management buy-out where Peter Timmermann became the managing director and in 1999, Timmermann sold the company to a Dutch investing group (Netagco) who invested heavily in Fella. Netagco invested specifically in upgrading the old buildings as well as building a new assembly hall and a more modern office building. In 2004, Fella was acquired by ARGO, who decided that their subsidiary company, Laverda, would become the parent company of Fella. In 2007, it became necessary for ARGO to sell 50% of Laverda. They sold that 50% to AGCO and in late 2010, AGCO announced its