The acquisition of Yargus expands AGI's North American fertilizer handling platform, both geographically and in terms of service offering. Yargus has a presence in the U.S., as well as a growing international presence, both of which are highly complementary to AGI's current material handling footprint, AGI said. Yargus recently has made investments in plant, equipment, senior personnel, and product development, and when combined with AGI's existing divisions, will be well positioned to compete in both local and international markets.
AGI is a manufacturer of portable and stationary grain handling, storage and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment and grain drying systems. AGI has manufacturing facilities in Canada, the U.S., Italy, Brazil and the U.K., and distributes its products globally.