Linamar completes acquisition of Salford Group

GUELPH, ON, June 3, 2022 /CNW/ – Linamar Corporation (TSX: LNR) announced today that it has completed the acquisition of the Salford group of companies (the “Salford Group”), a world leader in the application of crop nutrition and tillage products. The acquisition is an important step in the expansion of Linamar Agriculture’s portfolio.

“We are very pleased to complete this acquisition,” said Linda Hasenfratz, Executive Chairman and CEO of Linamar. “Salford is an outstanding brand in the field of tillage and crop nutrition. With our current agricultural division, MacDon, we have a solid base from which to execute our agricultural strategy in the future. We are delighted to welcome the Salford Group to the Linamar family today.”

Salford Group, founded in 1978, is headquartered in Salford, Ont. with three production sites in Canada and two manufacturing sites in United States. The Salford The product line includes air and rotary fertilizer spreaders, cover crop seeders and a range of tillage equipment. from Salford products are designed and built to be durable, innovative and complementary to mainstream OEM products with distinct performance benefits related to higher productivity, greater efficiency and environmental sustainability. The company has been able to take advantage of technological developments in precision agriculture to allow producers to manage their agricultural production with an ever-increasing degree of precision.

Linamar used funds available through its existing credit facilities to complete this transaction.

For more information on from Salford range of agricultural equipment offerings, visit their website at salfordgroup.com

Linamar Corporation (TSX: LNR) is an advanced manufacturing company where the intersection of advanced technology and deep manufacturing expertise creates solutions that power vehicles, move, work and live for the coming. The Company is comprised of two operating segments – the Industrial segment and the Mobility segment, both global leaders in manufacturing solutions and world-class developers of highly engineered products. The industrial segment includes Skyjack, MacDon and Salford. Skyjack manufactures scissor, boom and telescopic lifts for the aerial work platform industry. MacDon manufactures combine heads and self-propelled windrowers for the agricultural harvesting industry. Salford also supplies the agricultural market with tillage and fertilizer application equipment. The Mobility segment is subdivided into three regional groups: North America, Europe and Asia Pacific. Within the Mobility segment, the regional groups are vertically integrated operations combining expertise in lightweight metal casting, forging, machining and assembly for the global electrified and conventionally powered vehicle markets. The Mobility segment’s products focus on both components and systems for new energy powertrains, body and chassis, powertrain, engine and transmission systems of these vehicles. In addition to the recently formed eLIN Product Solutions Group which focuses on electrification, McLaren Engineering provides design, development and testing services for the mobility segment. Linamar has 26,550 employees in 65 manufacturing sites, 14 R&D centers and 28 sales offices in 17 countries in the North and South America, Europe and Asiawhich generated sales of $6.5 billion in 2021. For more information about Linamar Corporation and its industry-leading products and services, visit www.linamar.com or follow us on our social media channels.

Salford Group is a world leader in the manufacture of precision tillage and application equipment. Salford is dedicated to improving agricultural productivity and profitability through innovation and advances in precision, durability and versatility. Salford Group products include the patented I-Series and HALO tillage product lines. from Salford The AerWay division offers quality equipment for tillage and pasture aeration. The BBI Spreader and Valmar divisions of Salford bring decades of patented dry application innovations. Salford designs and manufactures its highly productive agricultural equipment from its facilities in Iowa, Georgia, Ontarioand Manitoba. For more information, visit our website at www.salfordgroup.com or visit its social media channels.

SOURCE Linamar Company

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