 Ag Growth Industries Inc. (Ag Growth) is the world's largest manufacturer of portable grain handling equipment and related agricultural implements. Ag Growth's subsidiaries include: Westfield Industries Ltd., a manufacturer of grain augers based in Rosenort, Manitoba; Batco Manufacturing Ltd., a Swift Current, Saskatchewan-based manufacturer of belt conveyors used for handling specialty grains, such as peas, corn, soybean, peanuts and rice; Wheatheart Manufacturing Ltd., a Saskatoon, Saskatchewan-based producer of hydraulic bin sweeps, self-propelled kits for grain augers, under-semi transfer augers, post-hole augers, a line of hydraulic post pounders for fencing, and the Victory combine pick-up line; and the Edwards Group of Companies, a Lethbridge, Alberta-based manufacturer of grain aeration systems. In May 2004, the Ag Growth Income Fund [TSX: AFN.UN] was listed for trading on the Toronto Stock Exchange.
| Products: |
Grain handling equipment |
| Strength: |
North American market leader |
| Plants: |
Alberta, Manitoba and Saskatchewan |
| Advisor: |
RoyNat Capital Inc. acted as investment advisor to Ag Growth at acquisition. Scotia Capital Inc. and CIBC World Markets Inc. acted as underwriters for the public income trust offering. |
| Financing Source: |
TD Commercial Banking provided senior debt financing. McKenna Gale Capital Inc. and Roynat Capital Inc. provided subordinated debt financing. |
| Public Listing: |
May 2004 |
| Website: |
www.aggrowth.com |
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