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Slide #52. Grain Systems, Inc. — Johnson System Inc.
Acquirer:
Grain Systems, Inc. (NYSE:AGCO)
Acquiree:
Johnson System Inc.
Details:
Grain Systems, Inc. (GSI), a global brand of AGCO (NYSE:AGCO), announced today that it has purchased Johnson System Inc. (JSI), a leading manufacturer of catwalks, towers and support structures based in Marshall, Michigan.
AGCO is a manufacturer and distributor of agricultural equipment and related replacement parts. Co. sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems. Co.'s products are used in the agricultural equipment industry and are marketed under the Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra® brands. Co. distributes its products through independent dealers and distributors. In addition, Co. provides retail and wholesale financing through its finance joint ventures with Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A.
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![]() Buy (3.46 out of 4) 56th percentile
(ranked higher than approx. 56% of all stocks covered)
Analysts' Target Price: AGCO Stock Forecast Based on Zacks ABR data; powered by Xignite ![]() |
