Linamar Corporation has announced that it has completed its acquisition of the Salford group of companies (the “Salford Group”), a global leader in crop nutrition application and tillage products. The acquisition is an important milestone in the expansion of Linamar Agriculture’s portfolio.
“We are very pleased to complete this acquisition,” Linda Hasenfratz, Linamar’s Executive Chair and CEO, said. “Salford is an outstanding brand in farm tillage and crop nutrition. Together with our current ag division, MacDon, we have a solid foundation from which to execute our agriculture strategy going forward. We are thrilled to welcome the Salford Group into the Linamar family today.”
Salford Group, founded in 1978 is headquartered in Salford, Ontario, Canada, with three manufacturing locations in Canada and two manufacturing locations in the United States. The Salford product lineup includes both pneumatic and spinner type fertilizer spreaders, cover crop seeders and a range of tillage equipment. Salford’s products are engineered and built to be durable, innovative, and complementary to mainline OEM products with distinct performance advantages related to higher productivity, greater efficiency and environmental sustainability. The company has been able to leverage technological developments in precision agriculture to allow producers to manage their crop production with an ever increasing degree of accuracy.
Linamar used funds available through its existing credit facilities to complete this transaction.
For more information on Salford’s lineup of agriculture equipment offerings, visit their website at salfordgroup.com.
Linamar has 26,550 employees in 65 manufacturing locations, 14 R&D centres and 28 sales offices in 17 countries in North and South America, Europe and Asia, which generated sales of $6.5 billion in 2021.