Business
Linamar to Acquire the MacDon Group of Companies, a Global Harvesting Specialist, to Further Diversity & Grow
Linamar to Acquire the MacDon Group of Companies, a Global Harvesting Specialist, to Furth...
About this update from Linamar Corporation
[{"type":"text","content":"\n\n\n\nLinamar to Acquire the MacDon Group of Companies, a Global Harvesting Specialist, to Further Diversity & Grow\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\nLinamar to Acquire the MacDon Group of Companies, a Global Harvesting Specialist, to Further Diversity & Grow\nCanada NewsWire\nGUELPH, ON, Dec. 14, 2017\n\n\n\n\nC$1,200 million cash purchase price\nTransaction is expected to be immediately accretive to earnings per share and free cash flow per share \nPrudent pro forma leverage of 1.7x net debt to trailing EBITDA and well within target leverage parameters\n\n\n\nGUELPH, ON, Dec. 14, 2017 /CNW/ - Linamar Corporation (TSX:LNR) today announced that it has entered into a definitive agreement to acquire 100% of the outstanding equity interests of MacDon and its Group of Companies for an aggregate purchase price of C$1,200 Million, less the assumption of small transaction related expenses, and subject to certain customary adjustments (the \"Transaction\"). Headquartered in Winnipeg, Manitoba, Canada, MacDon is a global innovative market leader in the design and manufacturing of specialized agriculture harvesting equipment such as drapers and self-propelled windrowers. \n\nMacDon is an industry-leading manufacturer with a strong customer following and advanced agriculture equipment technologies.  It has developed an indstury-leading reputation for quality, reliability and passion for harvesting technology over its 67 year history as a family owned company. MacDon's mission is to manufacture reliable machines that make harvesting easier and more productive for its customers in over 40 countries worldwide. MacDon's products excel in the toughest real-world conditions, and its pioneering, industry-leading innovations like the FlexDraper® have propelled the company's strong reputation for providing customers with quality, innovative equipment. Further, MacDon has developed strong relationships with a global dealer network of approximately 1,400 leading dealers and distributors, a major competitive advantage in the industry. Linamar sees a compelling...