Linamar Acquires Broad Acre Seed Outfit Bourgault For $640 Million
Linamar announced it has reached an agreement to acquire Bourgault Industries Ltd. (based Saskatchewan, Canada) aiming to advance its position as a short-line agriculture equipment manufacturer.
Linamar’s existing agricultural brands include MacDon harvesting equipment and Salford tillage and crop nutrition. Linamar leaders share how Bourgault is highly complementary to these divisions and enables the company to market a fuller lineup of products in the broader crop production cycle
The transaction, representing the purchase of 100% of the equity interest of Bourgault, is for CAD $640 million. Bourgault will become part of a new Linamar Agriculture division once finalized.
“We are thrilled to welcome Bourgault Industries into the Linamar family. Bourgault is another Canadian manufacturing success story that draws many similarities to Linamar’s history of entrepreneurism and technical innovation,” said Linda Hasenfratz, executive chair and CEO, Linamar. “The Bourgault name is synonymous with broad acre agricultural seeding innovation and offers a tremendous opportunity for Linamar to further diversify and grow our agriculture platform.”
The Bourgault acquisition is Linamar's third strategic acquisition of 2023, and the company leaders say the deal enables it to better serve farmers in Western Canada and the U.S. Midwest.
The transaction is subject to customary regulatory approvals and expected to close in Q1 2024.
