AGCO has entered into a definitive agreement to sell the majority of its Grain & Protein Business to American Industrial Partners (AIP) to unlock new potential. This agreement includes the five primary brands of AP, Cimbria, Cumberland, GSI, and Tecno.
You can read the full news here: https://news.agcocorp.com/2024-07-25-AGCO-Announces-Definitive-Agreement-to-Sell-its-Grain-Protein-Business
AIP brings substantial expertise in the industrial sector, and they recognize the long-term potential of Grain & Protein. They will help us build on each brand’s market leadership and provide the resources necessary to fuel our next chapter of growth.
The transaction is expected to close by the end of 2024, with a full transition from AGCO over the next twelve months.
We are excited about the future of Tecno, the benefits we can bring to our customers, and the successes we can continue achieving together.
