Linamar to Acquire the MacDon Group of Companies
This agreement is the result of long and careful consideration regarding what is best for the future success of the Company. Many alternatives were considered as we discussed who would be the best choice to ensure that MacDon’s unique culture and strengths are not only maintained, but continue to thrive. Through this transaction, it is important that MacDon employees understand that this is the outcome the MacDonald family feels is best for our employees, dealers, business partners, and customers.
This is a friendly transaction between two companies that started their relationship in 2007 with an agreement to manufacture our combine pick-up header in their Hungarian facility. Linamar is acquiring MacDon because MacDon is successful and Linamar has a deep understanding of the ingredients of that success; first and foremost our people. This transaction makes sense, as it will combine one of the finest automotive parts suppliers in the world with a proven leader in the design and manufacture of high-performance harvesting equipment. MacDon is a critical piece of Linamar’s long-term growth strategy to diversify into segments outside of the automotive market and be part of the key Agriculture/Food sector. MacDon will be the centrepiece of the Linamar Agriculture Business Unit and combined with their Oros Division, that manufactures and designs corn and sunflower harvesting equipment, will position both companies for global growth. Linamar’s plan is to grow their Agricultural platform through expansion of product offerings and increasing penetration in both new and underserved markets globally.
Perhaps most importantly, MacDon and Linamar share important values. Linamar is a company with a strong family-run legacy with deep Canadian roots, similar to MacDon. We both focus on safety as the most important aspect of our work and share a deep respect for people and the talent and commitment you demonstrate each day. An important part of this transaction is that MacDon will continue to be led by Gary Giesbrecht, President & CEO and current Management.
Thank you for being part of the MacDon Family now and in the future.
(The previous article “Linamar to Acquire the MacDon Group of Companies” was archived on December 14 2017 via http://macdon.com.)