January 3, 2024 By Top Crop Manager
Linamar Corp. has reached an agreement to acquire Bourgault Industries Ltd. of St. Brieux, Sask., in a deal worth $640 million.
The move further enhances the company’s industrial segment offerings and advancing its position as a agriculture equipment manufacturer.
Linamar says Bourgault will become part of its new agriculture division within its wider industrial segment.
Linamar CEO and executive chair Linda Hasenfratz says the acquisition offers “tremendous opportunity” for her company to diversify and grow its agriculture platform.
COO and president Jim Jarrell says Bourgault is Linamar’s third strategic acquisition of 2023 and will help it better serve the core Western Canadian and U.S. Midwest farm base.
The deal is expected to close in the first quarter of 2024.