American Industrial Partners completed the acquisition of the Grain & Protein business of AGCO for $700m.

American Industrial Partners, a private equity firm, completed the acquisition of the Grain & Protein business of AGCO, an American agricultural machinery manufacturer, for $700m. "Grain & Protein Technologies is a critically important business to the future of the global food supply. With decades of industrial manufacturing expertise and a track record of success building large-scale, global operations, Jacob is the right leader for the Company to ensure it fully capitalizes on its unique market position as the go-to partner for large-scale agriculture worldwide," Eric Baroyan, AIP Partner.