Guelph Company ExpandsDecember 15, 2017 8:00am
A Guelph company is expanding its advanced agriculture equipment technology division.
Linamar Corporation has entered into a definitive agreement to acquire 100% of the outstanding equity interests of Winnipeg based MacDon, an industry leading manufactuerer in agriculture equipment.
The purchase price is $1.2 million.
MacDon designs and manufactures specialized agriculture harvesting equipment such as drapers and self-propelled windrowers.
MacDon will be combined with Linamar’s existing agriculture harvesting business in Hungary to position both businesses for growth.
Linamar’s existing harvesting business is highly complementary to MacDon product plan allowing Linamar to offer a full lineup of grain and hay harvesting equipment.
The deal is expected to close early next year.