American Industrial Partners Acquires AGCO's Grain & Protein Division

Author

Slice of Agriculture Team
November 12, 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

Notable Quotes:

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"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
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"Grain & Protein Technologies is a critically important business to the future of the global food supply."

Eric Baroyan, Partner at AIP

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.