# 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.

- Type: Acquisition
- Announced: 2022-01-04
- Where: Prince Edward Island and Ontario, Canada, Canada
- Value: $23.0M (29.3M CAD)
- Status: completed
- Products: stainless-steel equipment, systems for food processors
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Ag Growth International](https://endata.com/companies/19641.md) (acquirer)
- [Eastern Fabricators](https://endata.com/companies/60096.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/agi-announces-strategic-food-platform-acquisition-897903976.html), 2022-01-04: "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."
- [prpeak.com](https://www.prpeak.com/national-business/ag-growth-international-buying-stainless-steel-equipment-maker-eastern-fabricators-4919094), 2022-01-04: "Ag Growth International Inc. says it has signed a deal to buy Eastern Fabricators, a maker of stainless steel equipment for food processors."
- [world-grain.com](https://www.world-grain.com/articles/16309-agi-acquires-eastern-fabricators), 2022-01-06: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.