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AGCO Announces Definitive Agreement to Sell its Grain & Protein Business

July 25, 2024 | Posted in Ag Equipment Business
Source: AGCO

AGCO Corporation, a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced it has entered into a definitive agreement to sell the majority of its Grain & Protein business to American Industrial Partners ("AIP") in an all-cash transaction valued at $700 million, subject to working capital and other customary closing adjustments.


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AEI Newsmakers: July 2024

July 15, 2024 | Posted in Ag Equipment Business, Dealers & Dealerships, Mergers & Acquisitions
  • CamoAg, a provider of agricultural data solutions, and Fusable,...
  • John Schmeiser will no longer be serving as chief operating officer of NAEDA...
  • For the second quarter ended May 31, 2024, Art’s Way Agricultural Products segment sales...
  • Leon’s Mfg. has entered receivership. Ernst & Young has been named the appointed receiver for the case....
  • Coldwell Banker Commercial Realty announced the $7 million sale of a 234-acre undeveloped parce...
  • J.P. Morgan analysts view the USDA’s latest 2024-25 and 2023-24 global supply and demand estimates....
  • “We view today’s report as positive for U.S. corn and soybean farmers to the extent lower new crop...

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AEI Newsmakers: June 2024

June 17, 2024 | Posted in Ag Equipment Business, Mergers & Acquisitions
  • Investment group Kinperium Industries acquired Hiniker Co., effective June 3....
  • Bridgestone-Firestone announced June 6 it would be cutting jobs at its Des Moines, Iowa, plant...
  • JCB announced June 4 a new $500 million factory in San Antonio, Texas — the biggest investment in the firm’s history...
  • Shivvers Manufacturing, a manufacturer of grain drying technology, acquired Haber Technologies...
  • Following the acquisition of Canadian implement manufacturers Morris Equipment Ltd. and Rite Way Mfg. Co. Ltd. in March 2021...
  • LS Tractor USA is opening a new warehouse in Battleboro, N.C., for its parts department...
  • SeedMaster, a Canadian manufacturer of no-till seeding technology, invested $10 million...
  • In its June 12 WASDE report update, USDA’s 2024/25 ending stocks are estimated at 2.102 billion bushels of corn...
  • AGCO announced May 23 its recent investment in the Innova Ag Innovation Fund VI of venture capital firm...
  • Ohio Ag Equipment informed customers on May 17 that it was ending its distribution arrangement with AGCO...

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