Mathews Company
Mathews Company is a family-owned manufacturer of grain drying and material handling equipment, serving farmers and commercial grain operations across North America and select international markets through an exclusive tiered authorized dealer network.
- Company typePrivate
- Founded1954
- HeadquartersCrystal Lake, United States
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Mathews Company does
Mathews Company is a family-owned, private manufacturer of grain drying and material handling equipment headquartered in a single facility in Crystal Lake, Illinois, founded in 1954 by B.C. 'Matt' Mathews. The company designs and builds a portfolio of six grain dryer lines — Delta Series and Fusion Series mixed-flow dryers, Legacy Series and ECO Series low-profile dryers, and Modular Tower and Commercial Tower Series — supported by its proprietary Pinnacle 20|20 dual-touchscreen PLC control platform, the MC Trax remote monitoring application, the exclusive AccuDry moisture-based control system via partnership with Dryer Master, and in-house controls technologies including SmartFlow tapered duct design, TruDry discharge control, and vacuum cooling. Since 2022 the company has extended beyond dryers into adjacent material handling with grain distributors, bucket elevators (capacities up to 13,000+ bushels per hour), and drag conveyors (2024), positioning itself as a full grain-site equipment supplier.
The business operates on a hardware-sales revenue model with multi-year equipment financing support ($0 down options) and aftermarket parts revenue via the 24/7 Parts Depot, with no direct-to-customer sales. Mathews distributes exclusively through a tiered authorized dealer network (Tier I/II/III) covering the United States, Canada, and select international markets, with a dedicated International Sales Manager. The customer base spans on-farm operations and large commercial grain facilities, served by named Tier I dealers such as Kuhl Grain Systems, Chester Inc., Lodermeier's, Wall Grain Handling Systems, and Gateway Building Systems. The company's go-to-market relies on agricultural trade shows, dealer recruitment, and a digital dealer portal rather than direct consumer marketing, and its 70+ year heritage, founder patents, and 'Iron Horse Quality' positioning form the core brand equity.
Mathews Company firmographics
Firmographics- Name
- Mathews Company
- Legal name
- Mathews Company
- Website
- https://mathewscompany.com
- Company type
- Private
- Founded year
- 1954
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Mathews Company is a family-owned manufacturer of grain drying and material handling equipment, serving farmers and commercial grain operations across North America and select international markets through an exclusive tiered authorized dealer network.
- Ownership category
- akta.pro rank
Mathews Company industry classification
Industry- Product category
- Agricultural Equipment Manufacturing
- NAICS
- Farm Machinery and Equipment Manufacturing (333111), Agricultural Implement Manufacturing (33311)
- SIC
- Farm Machinery & Equipment (3523), Special Industry Machinery (No Metalworking Machinery) (3550)
- akta.pro primary industry
- Drying & Dehydration Equipment (Grain Dryers, Fruit/Vegetable Dryers) (AFAAAJAB)
- akta.pro secondary industries
- Tower/Column Grain Dryers (AFAOAKAF), Bulk Handling & Conveying for Processing Lines (Augers, Elevators, Conveyors) (AFAAAJAJ), Farm Material Handling & Attachments (Loaders/Implements) (IMAHACAI)
Keywords
Where Mathews Company is headquartered
LocationHeadquarters
- HQ city
- Crystal Lake
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Mathews Company business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D
Revenue model
- Grain Dryer Sales: Primary revenue stream from manufacturing and selling commercial and farm-scale grain dryers including Delta Series, Fusion Series, Legacy Series, ECO Series, Modular Tower Series, and Commercial Tower Series.
- Material Handling Equipment: Sales of bucket elevators, distributors, conveyors, and related grain site handling equipment to complement dryer product lines.
- Controls & Monitoring Systems: Sales of Pinnacle 20|20 control systems, MC Trax remote monitoring subscriptions, and related automation technology.
- Parts & Aftermarket: Replacement parts sales through 24/7 Parts Depot online ordering system for dealers.
- Equipment Financing: Financing programs offered to customers with $0 down payment options.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | Equipment pricing varies by model, capacity, and configuration. Delta and Fusion Series represent premium mixed-flow options; ECO and Legacy Series offer value-oriented profiles; Tower Series serve commercial-scale operations. |
| Subscription | Multi-year contract | $0 down equipment financing available for qualified buyers. |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
Mathews Company product offering
Product offeringCore offering
Mathews Company designs, manufactures, and sells grain drying equipment and material handling systems for agricultural operations. Its product portfolio includes continuous-mix and modular tower grain dryers, automated control systems, bucket elevators, distributors, and conveyors. Equipment is distributed primarily through an authorized dealer network serving commercial grain handlers and on-farm operations.
Product overview
Mathews Company (MC) is a grain site equipment manufacturer offering a comprehensive portfolio of grain drying and material handling products. The core product line consists of six grain dryer series: Delta Series and Fusion Series (mixed-flow technology), Legacy Series and ECO Series (low-profile/expandable), and Modular Tower and Commercial Tower Series. Supporting the dryers are control and monitoring systems including Pinnacle 20|20 (touchscreen PLC-based control platform) and MC Trax (remote monitoring). The company has expanded into material handling with bucket elevators, distributors, and drag conveyors. Additional automation features include AccuDry (moisture-based control) and TruDry (automatic discharge control). The portfolio is unified under the 'Iron Horse Quality' brand philosophy, serving farmers through a dealer network.
Differentiator
Problem solved
Functional benefit
Brands
- Iron Horse Quality: Company motto and quality standard inspired by founder's admiration for locomotive trains, symbolizing strength, endurance and reliability in all MC equipment
Products and services
- Delta Series Grain Dryers
- Fusion Series Grain Dryers
- Legacy Series Grain Dryers
- ECO Series Grain Dryers
- Modular Tower Grain Dryers
- Commercial Tower Grain Dryers
- Pinnacle 20|20 Control System
- MC Trax Control System
- Bucket Elevators
- Distributors
- Grain Conveyors
Quantifiable outcome
- Grain dryers with zero screens to clean in Delta Series
- +3 more outcomes
Companies that use Mathews Company
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles2 records
Mathews Company technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature8 records
Mathews Company partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered supporting and core.
- Amazon Web Services (AWS)supportingAWS provides cloud hosting infrastructure for MC Trax remote monitoring platform. 2024 overhaul of MC Trax leveraged AWS for faster performance, higher uptime, and enhanced data security.
- Propane Education & Research Council (PERC)supportingCollaborative development partnership for Next Generation Legacy Series. PERC contributed funding and expertise to apply proven tower and ECO Series technology to a 'profile' style dryer. Project delivered vacuum-cool efficiency, improved airflow, and reliable capacities while expanding propane's role in on-farm grain drying.
- Dryer MastercoreExclusive partnership bringing AccuDry moisture-based drying control system into MC product line. Powered by Dryer Master's real-time moisture monitoring technology. Embedded DM510 solution seamlessly integrated into MC's Pinnacle and Pinnacle Lite control systems. Automatically adjusts dryer discharge rate based on incoming and discharged grain moisture for precise, uniform results.
- Kuhl Grain SystemscoreTier I authorized dealer based in Davenport, IA. Long-standing dealer relationship. Dealer testimonial emphasizes product longevity (30-year-old machines still supported) and exceptional parts availability.
- Chester, Inc.coreAuthorized MC dealer in North Judson, IN. Dealers emphasize MC's family-owned business values and proud partnership spanning multiple years.
- Perth Dryer & Leg SystemscoreTier II authorized dealer in Dublin, Ontario, Canada. Dealer highlights product knowledge depth and excellent service season support from MC.
- Wall Grain Handling SystemscoreAuthorized dealer in Winnipeg, Manitoba, Canada. Dealer emphasizes exceptional backup and support from MC, critical for equipment facing tough harvest conditions.
- Gateway Building SystemscoreAuthorized dealer in West Fargo, ND. Dealer values collaborative partnership, noting MC's openness to suggestions and dealer input.
- Custom AG (CA Industries)coreTier I authorized dealer. Listed among top-tier MC dealers representing the most qualified and experienced dealers.
- Freeborn Pride BuilderscoreTier I authorized dealer. Among highest-qualification dealers regularly achieving top sales and attending factory training.
- Lodermeier'scoreTier I authorized dealer. One of MC's most qualified dealers representing the company in the agricultural community.
- Digman ConstructioncoreTier I authorized dealer. Among MC's top dealers providing sales, installation, and service for MC products.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Mathews Company competitors and assessment
Company assessmentDirect peers
- Brock Grain Systems: CTB Inc. subsidiary producing grain bins, dryers, and material handling equipment. Directly competes with MC across on-farm and commercial grain drying and handling categories in North America.
- Grain Handler USA: Manufacturer of grain dryers, material handling, and storage products serving North American farms. Direct competitor in portable and stationary grain drying equipment with overlapping product positioning.
- NECO (New Enterprise Concept): Nebraska-based manufacturer of mixed-flow grain dryers and aeration equipment. Direct competitor in mixed-flow drying technology, overlapping significantly with MC's Delta and Fusion series.
- Sukup Manufacturing Co. Iowa-based family-owned manufacturer of grain dryers, bins, material handling, and steel buildings. Direct competitor in the same North American grain drying and handling categories with similar channel-partner go-to-market.
- Shivvers Manufacturing: Iowa-based manufacturer of grain drying systems, including in-bin and continuous flow dryers. Direct competitor focused on the on-farm grain drying category that MC serves with its ECO and Legacy series.
- GSI (Grain Storage & Handling International): AGCO-owned manufacturer of grain storage and drying systems with global reach. Closest scaled competitor in tower and mixed-flow grain dryers, with a broader product portfolio and deeper R&D resources than MC.
- Delux Mfg. Co. Manufacturer of continuous flow grain dryers and material handling equipment. Direct competitor in the low-profile and continuous flow dryer categories competing head-to-head with MC's Legacy and ECO series.
Others
- Dryer Master: Moisture-based drying control technology provider and MC's exclusive AccuDry partner. Adjacent enabler whose technology is embedded in MC's Pinnacle control systems, but also supplies other dryer OEMs.
Emerging players
- AgraTronix: Manufacturer of moisture testers and agricultural monitoring electronics. Partial overlap with MC through moisture-sensing and remote monitoring adjacencies (related to MC Trax and AccuDry ecosystems).
Broad incumbents
- AGCO Corporation: Global agriculture equipment conglomerate owning GSI grain systems and major tractor/combine brands. Broad incumbent whose grain systems division directly competes with MC, with substantially greater scale and global distribution.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Mathews Company social profiles
Digital presenceMathews Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mathews Company leadership team
Management profileNumber of profiles
Mathews Company funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mathews Company M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mathews Company
What does Mathews Company do?
Mathews Company designs, manufactures, and sells grain drying equipment and material handling systems for agricultural operations. Its product portfolio includes continuous-mix and modular tower grain dryers, automated control systems, bucket elevators, distributors, and conveyors. Equipment is distributed primarily through an authorized dealer network serving commercial grain handlers and on-farm operations.
Is Mathews Company a public or private company?
Mathews Company is a private company. It is classified as family owned and is currently operating.
When was Mathews Company founded?
Mathews Company was founded in 1954. It employs 51 to 100 people.
Where is Mathews Company based?
Mathews Company is headquartered in Crystal Lake, United States, in the North America region.
How does Mathews Company make money?
Five revenue lines are on record. Grain Dryer Sales are the primary driver. The others are material Handling Equipment, controls & Monitoring Systems, parts & Aftermarket and equipment Financing.
Who are Mathews Company's main competitors?
Direct peers on record are Brock Grain Systems, Grain Handler USA, NECO (New Enterprise Concept), Sukup Manufacturing Co., Shivvers Manufacturing, GSI (Grain Storage & Handling International) and Delux Mfg. Co.. Dryer Master is listed as an others. AgraTronix is listed as an emerging player. AGCO Corporation is listed as a broad incumbent.
Does Mathews Company have an API?
No public API is recorded for Mathews Company.
What industry is Mathews Company in?
Mathews Company's product category is Agricultural Equipment Manufacturing. Its primary akta.pro industry code is AFAAAJAB, Drying & Dehydration Equipment (Grain Dryers, Fruit/Vegetable Dryers), with a secondary code of AFAOAKAF, Tower/Column Grain Dryers. Its NAICS code is 333111 and its SIC code is 3523.