Plowing Application Equipment Company Announces Sale | Agricultural News
Salford Group Inc., a global manufacturer of tillage and application equipment, has announced that it will be acquired by Linamar Corporation, an advanced manufacturing company based in Guelph, Ontario, Canada. The purchase is expected to close in the second quarter of 2022, subject to the satisfaction of customary closing conditions, including obtaining required regulatory approval.
The acquisition of Salford will expand Linamar’s agricultural portfolio, which is currently anchored by MacDon Industries Limited.
Besides MacDon, Linamar is steeped in agricultural manufacturing history, having owned White Farm Equipment in the 1980s along with Western Combine, which manufactured combines under the Massey Ferguson brand in the 1990s. Linamar’s OROS division in Eastern Europe also manufactures corn and sunflower headers under the MacDon and OROS brands.
“We are very pleased to join the Linamar family,” said Geof Gray, Chairman of Salford Group. “Both Linamar and MacDon have excellent reputations in the industry, and we believe the combination of our resources, respective brand strengths and distribution networks will allow Salford to compete and innovate at a higher level. with greater market coverage, delivering even more value to dealers and farmers.
“This is an exciting and significant acquisition for Linamar,” said Linda Hasenfratz, Executive Chairman and CEO of Linamar. “Salford has a strong differentiated product portfolio in the crop nutrition and tillage application segments. These are areas that we had identified in our agricultural growth strategy as very attractive segments for future product diversification.
Linamar has 26,000 employees in 60 manufacturing sites, 11 research and development centers and 25 sales offices in 17 countries in North and South America, Europe and Asia, which generated sales of 6, $5 billion in 2021. No acquisition price has been announced.