GFM Network News


Regulators clear path for Westeel takeover

Federal competition watchdogs have cleared the path for grain handling equipment maker Ag Growth International to close its deal for bin manufacturer Westeel. AGI announced it had completed its deal to buy its fellow Winnipeg-based manufacturing firm for $221.5 million on Wednesday — after announcing the Competition Bureau of Canada would allow the deal on which […] Read more

Ag Growth to buy bin maker Westeel for $221.5M

Grain bin manufacturer Westeel is on deck to become part of Prairie grain handling equipment company Ag Growth International’s bin of manufacturers. Winnipeg-based AGI announced Tuesday it’s signed an acquisition deal with Westeel’s owner Vicwest Inc. and Irish building materials manufacturer Kingspan Group. Kingspan said Tuesday it will buy Winnipeg-based Vicwest for $12.70 cash per share, […] Read more