Linamar Corp T.LNR

Linamar Completes Acquisition of Bourgault Industries Ltd.

[Betteryear2]

GUELPH, ON, Feb. 1, 2024 /CNW/ - Linamar Corporation (TSX: LNR) today announced that it has completed the previously disclosed acquisition of Bourgault Industries Ltd. The agreement to acquire Bourgault was initially announced on December 20, 2023, and outlined that Linamar would acquire 100% of the equity interests of Bourgault Industries Limited and its subsidiaries. The completion of the transaction was subject to certain regulatory approvals which have all been met. 

Linamar Completes Acquisition of Bourgault Industries Ltd., Solidifying its Position as a Leading Agriculture Shortline Equipment Manufacturer (newswire.ca)

[longrun86]

I think they will do very well with this. I hope Linamar treats its short line dealers properly though. There were a lot of unhappy people after the MacDon acquisition based on MacDon's prioritization of deliveries. Gerry Bourgault and his team are very honourable people and I'd like to see them continue to run this business. 5 years from now I think we will look back and wonder why we

[Jonathan9]

Agreed. Love this acquisition. High quality business with pricing power, and low CapEx. Industrial segment will generate over $3 Billion in revenue and growing. How much would the Industrial Division be worth on its own? Compare that to what the whole company is trading at. $4.5 Billion? Stock is very cheap.