AMERICAN INDUSTRIAL PARTNERS COMPLETES ACQUISITION OF AGCO'S GRAIN & PROTEIN BUSINESS
American Industrial Partners (AIP) has completed the acquisition of AGCO 's Grain & Protein division, which will now operate as Grain & Protein Technologies. The newly independent company, generating approximately $1 billion in annual revenue, employs over 3,200 people across 14 manufacturing facilities globally. The company serves customers in more than 100 countries through its brands GSI, Cumberland, AP, Tecno, and Cimbria, providing grain storage, seed processing solutions, and protein production systems. Jacob Thomas, former CEO of The Carlstar Group, has been appointed as CEO of the new entity.
American Industrial Partners (AIP) ha completato l'acquisizione della divisione Grain & Protein di AGCO, che ora opererà come Grain & Protein Technologies. La nuova azienda indipendente, che genera circa 1 miliardo di dollari di fatturato annuo, impiega oltre 3.200 persone in 14 stabilimenti di produzione a livello globale. L'azienda serve clienti in più di 100 paesi attraverso i suoi marchi GSI, Cumberland, AP, Tecno e Cimbria, offrendo soluzioni per lo stoccaggio dei cereali, lavorazione dei semi e sistemi di produzione di proteine. Jacob Thomas, ex CEO di The Carlstar Group, è stato nominato CEO della nuova entità.
American Industrial Partners (AIP) ha completado la adquisición de la división Grain & Protein de AGCO, que ahora operará como Grain & Protein Technologies. La nueva empresa independiente, que genera aproximadamente 1 mil millones de dólares en ingresos anuales, emplea a más de 3,200 personas en 14 instalaciones de fabricación a nivel mundial. La empresa atiende a clientes en más de 100 países a través de sus marcas GSI, Cumberland, AP, Tecno y Cimbria, proporcionando soluciones para el almacenamiento de granos, procesamiento de semillas y sistemas de producción de proteínas. Jacob Thomas, ex CEO de The Carlstar Group, ha sido nombrado CEO de la nueva entidad.
아메리칸 인더스트리얼 파트너스(AIP)는 AGCO의 Grain & Protein 부서를 인수 완료하고 이제 Grain & Protein Technologies로 운영하게 되었습니다. 연간 약 10억 달러의 매출을 올리는 신설 독립 기업은 전 세계 14개의 제조 시설에서 3,200명 이상을 고용하고 있습니다. 이 회사는 GSI, Cumberland, AP, Tecno 및 Cimbria 브랜드를 통해 100개 이상의 국가의 고객에게 곡물 저장, 씨앗 가공 솔루션 및 단백질 생산 시스템을 제공합니다. Jacob Thomas는 The Carlstar Group의 이전 CEO로, 새로운 법인의 CEO로 임명되었습니다.
American Industrial Partners (AIP) a finalisé l'acquisition de la division Grain & Protein d'AGCO, qui fonctionnera désormais sous le nom de Grain & Protein Technologies. La nouvelle entreprise indépendante, générant environ 1 milliard de dollars de revenus annuels, emploie plus de 3 200 personnes dans 14 sites de production à travers le monde. L'entreprise sert des clients dans plus de 100 pays à travers ses marques GSI, Cumberland, AP, Tecno et Cimbria, fournissant des solutions de stockage de grains, de traitement de semences et de systèmes de production de protéines. Jacob Thomas, ancien PDG de The Carlstar Group, a été nommé PDG de la nouvelle entité.
American Industrial Partners (AIP) hat die Übernahme der Grain & Protein-Sparte von AGCO abgeschlossen, die nun als Grain & Protein Technologies operieren wird. Das neu gegründete unabhängige Unternehmen, das jährlich etwa 1 Milliarde Dollar Umsatz erzielt, beschäftigt über 3.200 Mitarbeiter in 14 Produktionsstätten weltweit. Das Unternehmen bedient Kunden in mehr als 100 Ländern über seine Marken GSI, Cumberland, AP, Tecno und Cimbria und bietet Lösungen für die Lagerung von Getreide, die Verarbeitung von Saatgut und die Herstellung von Proteinen an. Jacob Thomas, ehemaliger CEO der Carlstar Group, wurde zum CEO der neuen Einheit ernannt.
- Annual revenue of approximately $1 billion
- Strong global presence with operations in over 100 countries
- Diversified portfolio of leading brands in grain and protein equipment
- Substantial manufacturing footprint with 14 facilities across multiple continents
- Transition from public (AGCO) to private ownership may affect transparency
- Integration and rebranding challenges as a standalone entity
Insights
The acquisition of AGCO's Grain & Protein division, with
The deal's impact on AGCO shareholders is notable, as the Grain & Protein division represented approximately
- Reduced revenue diversification
- Potential for improved operational efficiency
- Capital reallocation opportunities
The creation of Grain & Protein Technologies as a standalone entity under AIP's ownership could reshape competitive dynamics in the agricultural equipment sector. With operations across 14 manufacturing facilities globally and a presence in over 100 countries, the company maintains significant market reach. The strategic focus on smart technologies and innovative solutions under new leadership signals potential market share gains in the growing precision agriculture segment.
The retention of established brands (GSI, Cumberland, AP, Tecno and Cimbria) ensures continuity in market presence while the new structure may enable more agile decision-making and focused investment in product development.
Rebranded Grain & Protein Technologies, the new standalone entity will be led by accomplished industrial manufacturing leader Jacob Thomas
Serving customers in over 100 countries worldwide, Grain & Protein Technologies employs more than 3,200 people across its 14 manufacturing facilities in
Jacob Thomas joins Grain & Protein Technologies from The Carlstar Group ("Carlstar"), the leading supplier of specialty tires and wheels, where he served as CEO and member of the company's board. During his tenure at Carlstar, a former AIP portfolio company, Thomas successfully led the organization's transformation and sale. Prior to Carlstar, Thomas served in executive leadership positions at Clarcor, IDEX Corporation and the Terex Corporation.
"I am delighted to be partnering with AIP again, and whole-heartedly believe in the potential for value creation of this great group of businesses that have an important purpose of Feeding the World Better," said Jacob Thomas, CEO of Grain & Protein Technologies. "I have been immersed across the enterprise over the last twelve weeks, and I am impressed with the level of talent and commitment. We will emphasize advancing smart technologies and offering innovative technical solutions to our customers to make them more productive and profitable in a sustainable way."
Eric Baroyan, Partner at AIP, added, "Grain & Protein Technologies is a critically important business to the future of the global food supply. With decades of industrial manufacturing expertise and a track record of success building large-scale, global operations, Jacob is the right leader for the Company to ensure it fully capitalizes on its unique market position as the go-to partner for large-scale agriculture worldwide."
Sidley Austin LLP served as legal counsel to AIP. Morgan Stanley & Co. LLC and Rabo Securities
About American Industrial Partners
American Industrial Partners ("AIP") is an industrials investor, with approximately
About AGCO
AGCO (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers value to farmers and OEM customers through its differentiated brand portfolio including core brands like Fendt®, GSI®, Massey Ferguson®, PTx and Valtra®. AGCO's full line of equipment, smart farming solutions and services helps farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth,
Contacts:
Media Inquiries: American Industrial Partners – pro-AIP@prosek.com
Media inquiries: AGCO – Rachel Potts, V.P., Chief Communications Officer; 678-654-7719; Rachel.Potts@AGCOcorp.com
Investor inquiries: AGCO – Greg Peterson, V.P. Investor Relations; 770-232-8229; greg.peterson@AGCOcorp.com
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SOURCE American Industrial Partners
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