Linamar closes MacDon acquisition
- Published: February 4, 2018
Linamar Corporation has announced the closing of its acquisition of 100% of the outstanding equity interests of MacDon and its Group of Companies on the terms previously announced on December 14th, 2017.
Headquartered in Winnipeg, Manitoba, Canada, MacDon is a global innovative market leader in the design and manufacturing of specialized agriculture harvesting equipment such as drapers and self-propelled windrowers.
Linda Hasenfratz, CEO of Linamar, commented: "We are excited to welcome MacDon into the Linamar family. This acquisition is a very important strategic step that expands Linamar's capabilities and further diversifies our end markets. MacDon is a premier, well-managed company and an innovative market leader and we look forward to working with the MacDon team to grow together globally."
MacDon is a preeminent manufacturer with a strong customer following and advanced agriculture equipment technologies. It has developed an excellent reputation for quality, reliability and passion for harvesting technology over its 67-year history as a family owned company. MacDon's mission is to manufacture reliable machines that make harvesting easier and more productive for its customers in over 40 countries worldwide.
MacDon's products are designed for real-world conditions, and its innovations like the FlexDraper have propelled the company's strong reputation for providing customers with quality, innovative equipment. Further, MacDon has developed strong relationships with a global dealer network of approximately 1,400 outstanding dealers and distributors, a major competitive advantage in the industry.
Linamar says that it sees a compelling cultural fit with MacDon given its strong family legacy and looks forward to building on that foundation, which has been a key driver of MacDon's success. This platform acquisition positions Linamar as a leading global agricultural equipment manufacturer.
Prior to the acquisition Linamar had more than 25,700 employees in 59 manufacturing locations, 6 R&D centres and 21 sales offices in 17 countries in North and South America, Europe and Asia which generated sales of $6.0 billion in 2016.
Source: Linamar Corp.