Salford Group Inc. to be acquired by Linamar Corporation
Salford Group Inc., a global leader in high-quality tillage and application equipment has announced it will be acquired by Linamar Corporation (TSX:LNR), an advanced manufacturing company based in Guelph, Ontario, Canada. The purchase is expected to close during the second quarter of 2022, subject to the satisfaction of customary closing conditions, including the receipt of required regulatory approval.
The acquisition of the Salford will expand Linamar’s agriculture’s portfolio, which is currently anchored by MacDon Industries Limited. Aside from MacDon, Linamar is steeped in agricultural manufacturing history, having owned White Farm Equipment in the 1980’s along with Western Combine, who manufactured combines under the Massy Ferguson brand in the 1990’s. Linamar’s OROS Division in Eastern Europe also manufactures combine corn and sunflower headers under the MacDon and OROS brands.
“We are very excited to join the Linamar family,” said Geof Gray, President of Salford Group. “Linamar and MacDon both have excellent reputations in the industry and we believe the combination of our resources, our respective brand strengths and distribution networks will enable 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 important acquisition for Linamar,” said Linda Hasenfratz, Linamar’s Executive Chair and CEO. “Salford has a strong portfolio of differentiated products in the crop nutrition application and tillage segments. These are areas we had identified in our agriculture growth strategy as highly attractive segments for future product diversification.”
Following the sale, Salford Group will continue to leverage its established manufacturing and distribution network to sell products under the Salford brand. It’s headquarters will remain in Salford, Ontario, Canada.
About Salford Group
Salford Group, founded in 1978 is headquartered in Salford, Ontario with three manufacturing locations in Canada and two manufacturing locations in the United States. The Salford product lineup includes both pneumatic and spinner type fertilizer spreaders, cover crop seeders, and a range of tillage equipment. Salford’s products are engineered and built to be durable, innovative, and complementary to mainline OEM products with distinct performance advantages related to higher productivity, greater efficiency and environmental sustainability. The company has been able to leverage technological developments in precision agriculture to allow producers to manage their crop production on with an ever increasing degree of accuracy. For more information about Salford Group, visit www.salfordgroup.com or follow us on our social media channels.
About Linamar Corporation
Linamar Corporation (TSX:LNR) is an advanced manufacturing company where the intersection of leading-edge technology and deep manufacturing expertise is creating solutions that power vehicles, motion, work and lives for the future. The Company is made up of two operating segments – the Industrial segment and the Mobility segment, both global leaders in manufacturing solutions and world-class developers of highly engineered products. The Industrial segment is comprised of Skyjack and MacDon. Skyjack manufactures scissor, boom and telehandler lifts for the aerial work platform industry. MacDon manufactures combine draper headers and self-propelled windrowers for the agricultural harvesting industry. The Mobility segment is subdivided into three regional groups: North America, Europe and Asia Pacific. Within the Mobility segment, the regional groups are vertically integrated operations combining expertise in light metal casting, forging, machining and assembly for both the global electrified and traditionally powered vehicle markets. The Mobility segment products are focused on both components and systems for new energy powertrains, body and chassis, driveline, engine and transmission systems of these vehicles. In addition to the recently formed eLIN Product Solutions Group that focuses on Electrification, McLaren Engineering provides design, development, and testing services for the Mobility segment. Linamar has 26,000 employees in 60 manufacturing locations, 11 R&D centres and 25 sales offices in 17 countries in North and South America, Europe and Asia, which generated sales of $6.5 billion in 2021. For more information about Linamar Corporation and its industry-leading products and services, visit www.linamar.com or follow us on our social media channels.
Brad Baker, Salford VP of Sales and Marketing
office: 519.485.3977 ext. 1112