AGI acquires Danmare Group

by Arvin Donley
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Danmore Group
WINNIPEG, MANITOBA, CANADA — Ag Growth International Inc. (AGI) announced on Feb. 22 an addition to its food platform with the acquisition of 100% of the shares of Vaughn, Ontario, Canada-based Danmare Group Inc. and its affiliate Danmare Inc.

Sales and adjusted EBITDA for Danmare in its most recently completed fiscal year were $6.4 million and $1.7 million, respectively.

AGI said Danmare provides engineering solutions and project management services to the food industry, with a specialization in automated systems for pet food, rice and pasta, confectionery, ready-to-eat foods, sauces and meat processing.

The company said the addition of Danmare further evolves AGI’s ability to provide complete solutions to a broad customer base.

AGI is a provider of equipment solutions for agriculture bulk commodities including seed, fertilizer, grain and feed systems with a growing platform in providing equipment and solutions for food processing facilities.

AGI has manufacturing facilities in Canada, the United States, the U.K., Brazil, South Africa and Italy.