Letter from MacDon
Today we are announcing that we have entered into an agreement to sell the MacDon Group of Companies to Linamar Corporation, a Canadian company headquartered in Guelph, Ontario. The MacDon Group has grown over the years from a single firm called Killbery Industries Ltd., to MacDon Industries Ltd. (Winnipeg, Manitoba, Canada), MacDon, Inc. (Kansas City, Missouri, USA), MacDon Australia Pty. Ltd. (Melbourne, Victoria, Australia), LLC MacDon Russia Ltd. (Moscow, Russia), Westward Parts Services Ltd. (Red Deer, Alberta, Canada), MacDon Brasil Agribusiness Ltda. (Curitiba, Parana, Brazil), MacDon Enterprises, Inc. (Madison, Wisconsin, USA) and MacDon Europe GmbH (Frankfurt, Germany). Although an agreement has been signed with Linamar, the transaction is not completed until regulatory approval is given. This is planned to occur in the first quarter of 2018.
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 MacDo...
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