Business
Linamar Acquires Seeding Expert Bourgault Industries, Significantly Bolstering its Agriculture Business
Linamar Acquires Seeding Expert Bourgault Industries, Significantly Bolstering its Agriculture Bu...
About this update from Linamar Corporation
[{"type":"text","content":"\n \n \n \n Linamar Acquires Seeding Expert Bourgault Industries, Significantly Bolstering its Agriculture Business\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n GUELPH, ON\n \n \n ,\n \n \n Dec. 20, 2023\n \n \n /CNW/ - Linamar Corporation (TSX: LNR) today announced that it has reached an agreement to acquire Bourgault Industries Ltd. of\n \n St. Brieux, Saskatchewan\n \n , further enhancing its Industrial segment's diversified offerings and advancing its position as a leading short-line agriculture equipment manufacturer. Bourgault is a world-class agriculture equipment manufacturer regarded as a market and technology leader in broad acre seeding.  Linamar's existing agricultural brands include harvesting specialist MacDon, and tillage and crop nutrition expert Salford.  Bourgault is highly complimentary to these existing divisions and enables Linamar to increase its market position as it now possesses a full lineup of products in the broader crop production cycle, from field preparation, to seeding, crop nutrition, harvest and post harvest.\n \n \n \n \n \n \n \n \n \n The transaction, representing the purchase of 100% of the equity interest of Bourgault, is for CAD\n \n $640 Million\n \n , subject to customary adjustments.  Bourgault will become part of a new Linamar Agriculture division within the broader Industrial Segment.  The industrial segment also includes Skyjack, a manufacturer of aerial work platforms.  This new Agriculture group will continue to operate the shortline brands of MacDon,\n \n Salford\n \n , and Bourgault independently while maximizing overall growth opportunities globally, better enabling future Agriculture technologies, improving the overall farm customer experience, as well as enhancing product support.  The acquisition includes Bourgault's Highline Manufacturing division which produces hay handling and livestock feeding equipment, as well as roto-moulding producer Free Form Plastics.\n \n \n \n Linda Hasenfratz\n \n , Linamar Executive Chair and CEO said \"We a...