September 29, 2015

29/09/2015: AGI announces completion of Westeel acquisition

http://issuu.com/gfmt/docs/mag1506_w1/62

First published in Milling and Grain, June 2015

Ag Growth International Inc. ('AGI') (TSX: AFN) is pleased to announce that the previously disclosed arrangement to acquire the Westeel division of Vicwest Inc. (TSX: VIC) was completed on May 20, 2015.

Headquartered in Winnipeg, Manitoba, Westeel is Canada’s leading provider of grain storage solutions offering a wide range of on-farm and commercial products for the agricultural industry.

“The strategic acquisition of Canada’s leading brand in grain storage further establishes AGI as a global leader in grain handling and storage solutions,” said Gary Anderson, AGI’s Chief Executive Officer.

“AGI and Westeel share a deep commitment to product quality and customer service and combined we create a Canadian-based global agricultural leader with a long history of serving the needs of our customers. Westeel’s complementary product offering expands our growth platform within North America and around the world and we look forward with enthusiasm to bringing this outstanding company into the AGI family.”

“AGI places the highest value on the contributions of its employees and we look forward to meeting and welcoming all of the people at Westeel,” said Tim Close, President of AGI.

“We are very excited to get to work on growing Westeel along with AGI and realising upon the enormous potential of the combination of these great companies.” 

Read the rest of the article in Milling and Grain HERE.
 

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