American Industrial Partners to acquire the Grain & Protein business of AGCO for $700m.

American Industrial Partners, a private equity firm, agreed to acquire the Grain & Protein business of AGCO, an American agricultural machinery manufacturer, for $700m. "The divestiture of Grain & Protein supports AGCO's strategic transformation, recently accelerated by the PTx Trimble joint venture, which closed in April 2024. Divesting this business allows us to streamline and sharpen our focus on AGCO's portfolio of award-winning agricultural machinery and precision ag technology products, which underpins a long-term focus on high growth, high margin and high free cash flow generating businesses," Eric Hansotia, AGCO Chairman, President and Chief Executive Officer.