AGI acquires technology, fertilizer businesses

by Susan Reidy
Share This:
Search for similar articles by keyword: [AGI]

AGI logo
 
WINNIPEG, MANITOBA, CANADA — Ag Growth International (AGI) announced the acquisition of CMC Industrial Electronics and Junge Control, Inc. (JCI).

“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,” AGI said.

CMC supplies hazard monitoring sensors and systems used in agricultural material handling applications. It also manufactures commercial bin monitoring sensors and systems.

Founded in 1997, CMC has locations in Burnaby, British Columbia, Canada, and Minneapolis, Minnesota, U.S.

JCI manufactures automation, measurement and blending systems for the agriculture and fuel industries. Founded in 1979, JCI is based in Cedar Rapids, Iowa, U.S. JCI’s precision blending and measurement systems, focused primarily on liquid fertilizer blending, are complementary to AGI’s fertilizer product offering.                                

Combined sales and adjusted EBITDA for the two entities in their most recently completed fiscal years were approximately $15 million and $4 million, respectively. 

Partners