News
Linamar reaches $1.2 billion deal to buy Winnipeg agriculture manufacturer MacDon
Manufacturer Linamar Corp. says it has reached an agreement to buy Winnipeg-based agriculture equipment maker MacDon Industries Ltd. for $1.2 billion.
Guelph, Ont.-based Linamar says MacDon and its group of companies will complement its existing agricultural harvesting business in Hungary and allow the company to serve more markets globally.
Linamar, which makes precision metallic parts for a range of sectors including automobiles, says the MacDon deal will allow it to further diversity its operations and end markets.
Read the full story from The Canadian Press.
