Salford Group, a global leader in high-quality tillage and application equipment is excited to announce that the deal to be acquired by Linamar Corporation (TSX:LNR), an advanced manufacturing company based in Guelph, Ontario, Canada has closed effective June 3, 2022.
Salford Group will join MacDon Industries Limited, a manufacturer of combine headers and self-propelled windrowers in Linamar’s agricultural manufacturing division.
“Increasing volatility in food security, combined with a rapidly progressing mindset on how our food is produced, is bringing about major technological developments in ag equipment,” said Geof Gray, President of Salford Group. “Being part of Linamar’s agriculture group will allow for cross-collaboration, leveraging the best practices and ideas that Linamar, MacDon, and Salford have to offer. This allows us to continue leading the way in developing products that help feed the world, and we are proud to be a part of it.”
The acquisition positions Linamar as a leading Canadian-based agriculture equipment shortline OEM on the global stage. With agriculture being a key area of focus for Linamar’s 2100 strategic roadmap, the company expects to build its presence in the market in the years to come.
“We are very pleased to complete this acquisition,” said Linda Hasenfratz, Linamar’s Executive Chair and CEO. “Salford is an outstanding brand in farm tillage and crop nutrition application. Together with our current agriculture division, MacDon, we have a solid foundation from which to execute our agriculture strategy going forward. We are thrilled to welcome the Salford Group into the Linamar family today.”
Source : Salford Group