The Minneapolis Steel & Machinery Co. manufactured steam and gas engines and gas tractors. In 1929 they were part of a merger that created the Minneapolis-Moline Power Implement Co. The other companies involved in that merger were Moline Implement Co. (formerly the Moline Plow Co.) and the Minneapolis Threshing Machine Co.
In 1963 the White Motor Co. purchased Minneapolis-Moline. By the 1970s the company's sales were lagging. In 1979 they sold their agriculture division to a Texas company, TIC, which rebranded the division as White Farm Equipment (WFE). Meanwhile, the White Motor Company became insolvent in 1980 and was acquired by Volvo. Under their new ownership, White Farm Equipment suffered through a recession affecting agriculture, and in response TIC sold WFE to Allied Products which merged WFE with an existing farm equipment line they owned, creating White-New Idea. In 1993 that division was acquired by AGCO (a conglomerate formed in 1990 with the acquisition of Deutz-Allis, with Massey-Ferguson and Hesston Corp. being acquired a year or so later). "White" remains an AGCO brand.
One building from the Minneapolis Steel & Machinery Co.'s factory complex survives, at 2862 26th Avenue South.
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