AGI, a leading manufacturer of seed, fertilizer, grain, feed and food handling, blending, storage and conditioning equipment, announces acquisitions of applied technology and fertilizer platforms CMC and Junge Control Inc.
Ag Growth International Inc. (AGI) announced that it recently acquired CMC Industrial Electronics (CMC) and Junge Control Inc. (JCI). Combined sales and adjusted EBITDA for the two entities in their most recently completed fiscal years were approximately $15 million and $4 million, respectively. “The acquisitions of CMC and JCI add significant strength to our applied technology platform, and continue to evolve our product and solution portfolio enabling us to serve current and future customers with broader solutions.” the company stated.
CMC is a leading supplier of hazard monitoring sensors and systems used in agricultural material handling applications. CMC also manufactures commercial bin monitoring sensors and systems. Founded in 1997, CMC has locations in Burnaby, BC, and Minneapolis, MN. And JCI is a leading manufacturer of automation, measurement and blending systems for the agriculture and fuel industries. Founded in 1979, JCI is based in Cedar Rapids, Iowa. JCI’s precision blending and measurement systems, focused primarily on liquid fertilizer blending, are highly complementary to AGI’s fertilizer product offering and further broadens AGI’s fertilizer platform.
AGI is a leading manufacturer of portable and stationary grain and fertilizer handling, storage and conditioning equipment, including augers, belt conveyors, chain conveyors, grain storage bins, grain handling accessories, grain aeration equipment and grain drying systems. AGI has manufacturing facilities in Canada, the United States, the United Kingdom, Brazil, South Africa and Italy and distributes its product globally.