AGI acquires Eastern Fabricators to expand food platform

Ag Growth International (AGI) completed the acquisition of Eastern Fabricators, a Canadian specialist in stainless-steel equipment for food processors. The upfront purchase price is $29.25 million, with potential earn-outs of up to $15.75 million.

“Eastern builds on a solid foundation in our Food platform, bringing a very talented team along with market leading products, services, manufacturing capacity and, most importantly, customer relationships built on years of high-quality execution.”newswire.ca

• 3 sources
• newswire.caAGI Announces Strategic Food Platform AcquisitionAg Growth International Inc. (AGIJan 4, 2022
• prpeak.comAg Growth International buying stainless steel equipment maker Eastern Fabricators - Powell River PeakCanadian PressJan 4, 2022
• world-grain.comAGI acquires Eastern Fabricators | World GrainEric SchroederJan 6, 2022

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