By Ben Glickman
Linamar will acquire Borgeault Industries for 640 million Canadian dollars ($478.7 million).
The Guelph, Ontario-based manufacturing company said Wednesday it would acquire all of the equity interest of the Saskatchewan-based agriculture equipment maker, with the deal expected to close in the first quarter of 2024.
Linamar said a new term loan facility would fund the deal, with similar terms and conditions as the company’s existing revolver.
Bourgault will become a part of a new Linamar Agriculture division within its industrial segment.
Write to Ben Glickman at [email protected]
Read the full article here
