Linamar Corp. of Guelph is paying $640 million to buy Bourgault Industries Ltd. to add to its agriculture holdings of MacDon and Salford.
Linamar’s main business is making parts for cars.
Bourgault is based in Saskatchewan where it makes seeding equipment that also applies fertilizers. It was started by inventor Frank Bougault and his son, Gerry, took over and incorporated the business in 1974.
Linamar’s president and chief operating officer, Jim Jarrell, said this is Linamar’s third purchase of an agriculture manufacturing business this year.
It bought MacDon in 2017 and added Salford in Apri,l 2022, for $250 million.
Linda Hasenfratz, Linamar’s chief executive officer and executive chair, said the acquisition offers “tremendous opportunity” for her company to diversify and grow its agriculture platform.
