Announced
Financials
Tags
Pending
Machinery: Agricultural
fertilizers
Private
Single Bidder
United States
Majority
Acquisition
Cross Border
Friendly
Machinery: Industrial
Private Equity
Synopsis
Linamar, an advanced manufacturing company, agreed to acquire Salford Group, a tillage and crop nutrition application equipment manufacturer, from GenNx360, a private equity firm, for $203m. "We are very excited to join the Linamar family. Linamar and MacDon both have excellent reputations in the industry and we believe the combination of our resources, our respective brand strengths and distribution networks will enable Salford to compete and innovate at a higher level with greater market coverage, delivering even more value to dealers and farmers," Geof Gray, Salford Group President.
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