Ag Equipment Business

Press Release

AGCO Announces Definitive Agreement to Sell its Grain & Protein Business

AGCO Corporation, a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced it has entered into a definitive agreement to sell the majority of its Grain & Protein business to American Industrial Partners ("AIP") in an all-cash transaction valued at $700 million, subject to working capital and other customary closing adjustments.


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AEI Newsmakers: July 2024

  • CamoAg, a provider of agricultural data solutions, and Fusable,...
  • John Schmeiser will no longer be serving as chief operating officer of NAEDA...
  • For the second quarter ended May 31, 2024, Art’s Way Agricultural Products segment sales...
  • Leon’s Mfg. has entered receivership. Ernst & Young has been named the appointed receiver for the case....
  • Coldwell Banker Commercial Realty announced the $7 million sale of a 234-acre undeveloped parce...
  • J.P. Morgan analysts view the USDA’s latest 2024-25 and 2023-24 global supply and demand estimates....
  • “We view today’s report as positive for U.S. corn and soybean farmers to the extent lower new crop...

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AEI Newsmakers: June 2024

  • Investment group Kinperium Industries acquired Hiniker Co., effective June 3....
  • Bridgestone-Firestone announced June 6 it would be cutting jobs at its Des Moines, Iowa, plant...
  • JCB announced June 4 a new $500 million factory in San Antonio, Texas — the biggest investment in the firm’s history...
  • Shivvers Manufacturing, a manufacturer of grain drying technology, acquired Haber Technologies...
  • Following the acquisition of Canadian implement manufacturers Morris Equipment Ltd. and Rite Way Mfg. Co. Ltd. in March 2021...
  • LS Tractor USA is opening a new warehouse in Battleboro, N.C., for its parts department...
  • SeedMaster, a Canadian manufacturer of no-till seeding technology, invested $10 million...
  • In its June 12 WASDE report update, USDA’s 2024/25 ending stocks are estimated at 2.102 billion bushels of corn...
  • AGCO announced May 23 its recent investment in the Innova Ag Innovation Fund VI of venture capital firm...
  • Ohio Ag Equipment informed customers on May 17 that it was ending its distribution arrangement with AGCO...

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Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.

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