It's Not Everyday a New Machinery Company Emerges
The deal announced in late April is now done.
Linamar’s agricultural portfolio is now two-pronged with its acquisition of Salford Group, which comes on the heel’s of the 2018 acquisition of MacDon.
“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.”
Salford Group was founded in Ontario in 1978 and has five manufacturing facilities—three in Canada and two in the U.S. It engineers and builds pneumatic and spinner-type fertilizer spreaders, cover crop seeders, and tillage equipment.
Linamar has said its adding Salford to the company is party of its “plans to drive innovation in the food and agriculture sector as part of its 2100 strategic roadmap.”
“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.”
Linamar’s manufacturing portfolio is divided into two segments: industrial and mobility. MacDon anchors the industrial segment’s ag division, and Skyjack scissor, boom and telehandler lifts are also managed under the industrial group.
According to the company, Linamar generated sales of $6.5 billion in 2021, has 26,000 employees, 60 manufacturing locations, 11 R&D centrs and 25 sales offices in 17 countries in North and South America, Europe and Asia.
