American Industrial Partners Acquires AGCO's Grain & Protein Division
Slice of Agriculture Team
11/13/2024
Key Highlights:
- American Industrial Partners (AIP) acquires AGCO's Grain & Protein division.
- Rebranded as Grain & Protein Technologies with Jacob Thomas as CEO.
- Global reach in over 100 countries, 3,200 employees, and 14 facilities.
- Focus on innovative, sustainable solutions in agriculture and food supply.
- Annual revenue of approximately $1 billion with leading brands GSI, Cumberland, AP, Tecno, and Cimbria.
Source: PR Newswire
Quotes
“ "I am delighted to be partnering with AIP again, and whole-heartedly believe in the potential for value creation of this great group of businesses that have an important purpose of Feeding the World Better." ”
Jacob Thomas, CEO at Grain & Protein Technologies
Our Take:
The acquisition of AGCO's Grain & Protein division by AIP and the rebranding to Grain & Protein Technologies marks a strategic shift aimed at advancing technological and sustainable solutions in agricultural production. With a seasoned leader like Jacob Thomas, known for successful transformations, Grain & Protein Technologies is positioned to drive innovations that enhance productivity and profitability for farmers globally. This acquisition is expected to solidify AIP's footprint in the agri-food sector, leveraging strong brands and operational expertise to meet the rising demands for efficient and sustainable agriculture worldwide.
