AGI Buys Grain Handling Equipment Maker Global Industries

Ag Growth International Inc. (AGI) has acquired grain handling equipment manufacturer Global Industries Inc. for $100 million in an effort to expand AGI’s global footprint, the Winnipeg-based company announced Tuesday.

“The U.S. grain market continues to be a core supplier of the world’s food and AGI is committed to our dealers and customers in this important market. Jack Henry has built four strong businesses within Global which have benefited immensely from the leadership of Doug Fargo and his teams in Nebraska, Kansas, and internationally as they pushed to grow their business both domestically and abroad,” said Tim Close, president and chief executive officer of AGI, in a statement. “AGI and Global share very similar cultures and values that are focused on employees, customers, and achieving success. We are proud to welcome all Global employees to AGI.”

Global manufactures grain storage bins, portable and stationery grain handling equipment, grain drying and aeration solutions, structural components, and steel buildings. The firm has four divisions in Nebraska and Kansas, a South African production site, and warehouses in the U.S., Europe, Australia, and Africa.

AGI said the move will enable the company to expand its North American and international grain handling, drying, and storage platforms for farm and commercial end users.

“It was a very difficult decision for me to decide to sell Global Industries,” said Jack Henry, chairman and chief executive officer of Global, in a press release. “However, the culture and the way AGI does business were a great fit for Global and I’m very excited for Global’s future prospects as part of AGI.”

AGI produces portable and stationery grain and fertilizer handling, storage and conditioning equipment.

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