Linamar acquires MacDon in $1.2B deal
December 14, 2017 by Manufacturing AUTOMATION
Dec. 14, 2017 – Linamar Corp. announced today it has entered into a definitive agreement to acquire Winnipeg, Manitoba-based MacDon Group of Companies for roughly $1.2 billion.
Established more than 65 years ago, family-owned MacDon designs and manufactures specialized agriculture harvesting equipment, such as drapers and self-propelled windrowers, for customers in more than 40 countries worldwide.
“The acquisition of MacDon provides a truly once-in-a-lifetime opportunity to move our agriculture business into a market-leading position while providing meaningful diversification to the end markets we serve,” said Linda Hasenfratz, Linamar CEO. “MacDon is a strong, well-managed company and an innovative market leader in both customer penetration and technology evolution; it will be the centrepiece of our agriculture business, which includes our existing European corn header business, highly complementary to MacDon products. We get diversification, innovation, growth and a solid deal, we couldn’t be happier.”
Linamar’s previous acquisitions in the industry include Skyjack, Montupet and Seissenschmidt, demonstrating the growth of its global manufacturing platform with broader product lines, additional capabilities in new markets, and expanded geographic presence.