Linamar Corporation says it has completed its previously-announced purchase of Saskatchewan-based agricultural manufacturer Bourgault Industries, as of February 1.
As part of the deal, Linamar has acquired 100 per cent of the equity in Bourgault, including the main seeder operations in St. Brieux, Sask., as well as hay handling and livestock feeding equipment-maker Highline Manufacturing and Free Form Plastics.
The Guelph, Ont.-based parent company is integrating Bourgault into a new agriculture division, along with harvest equipment-maker MacDon and tillage and crop nutrition manufacturer Salford.
“We are very happy to have concluded this acquisition process and now officially welcome Bourgault into the Linamar family. The core equipment brands of MacDon, Salford, and Bourgault now make up a unified Linamar Agriculture Division. The brands will continue to operate as independent businesses in the same manner dealers and farmers have come to know them for,” says Linamar executive chair and CEO Linda Hasenfratz. “We are thrilled to have acquired a third jewel in our agricultural crown, which will be immediately accretive and accompanied by a strong team and leading technology.”
Bourgault commercialized the world’s first tow-behind, 138 bushel air seeder cart with the Dual-Purpose line of cultivators in the fall of 1980.
The deal, first announced in December 2023, was worth C$640 million.
In conjunction with closing of the Bourgault transaction, Linamar has also finalized a new C$700 million loan agreement.