Linamar Corporation completes acquisition of Bourgault Industries Ltd.
by CM Staff
The businesses acquired by Linamar include the core Bourgault seeder operations in St. Brieux, Saskatchewan, as well as the Highline Manufacturing division and the roto-moulding producer Free Form Plastics.
GUELPH — Linamar Corporation announced that it has completed the previously disclosed acquisition of Bourgault Industries Ltd. The agreement to acquire Bourgault was initially announced on December 20, 2023, and outlined that Linamar would acquire 100% of the equity interests of Bourgault Industries Limited and its subsidiaries. The completion of the transaction was subject to certain regulatory approvals which have all been met.
Bourgault is an agricultural equipment manufacturer and involved in broad acre seeding. The businesses acquired by Linamar include the core Bourgault seeder operations in St. Brieux, Saskatchewan, as well as the Highline Manufacturing division and the roto-moulding producer Free Form Plastics. Bourgault will be integrated into the new Linamar Agriculture division, joining MacDon (a harvesting equipment leader) and Salford (a tillage and crop nutrition equipment leader) within the broader Industrial Segment. The Linamar Industrial Segment also includes Skyjack, an aerial work platform producer for the access construction markets.
Linda Hasenfratz, Linamar Executive Chair and CEO commented “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. 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. This is a further expansion of Linamar’s growing Industrial group, which has become an excellent compliment to our Mobility business. The two segments function in parallel to provide cash, cross-functional engineering support, human resources talent and procurement buying-power to each other as needed.”
In conjunction with the Bourgault transaction closing, Linamar has also finalized a new CAD $700 million term loan agreement. The term loan has similar terms and conditions as Linamar’s existing credit facility and matures in three years time.
