28Apr 2022

Linamar Corporation Announces the Acquisition of Salford Group in a Significant Expansion of its Agriculture Portfolio

April 27, 2022 (GUELPH) – Linamar Corporation (TSX:LNR) today announced that it has entered into an agreement to acquire 100% of the issued and outstanding equity of the Salford group of companies (the “Salford Group”). The Salford Group is a global leader in crop nutrition application and tillage products. Under the terms of the agreement, Linamar will pay approximately CAD $260 Million to Salford Group’s shareholders, subject to ordinary transaction adjustments. Linamar intends to use funds available through its existing credit facilities to complete the transaction. The purchase is expected to close during the second quarter of 2022, subject to the satisfaction of customary closing conditions, including the receipt of required regulatory approval.