American Industrial Partners Acquires AGCO's Grain & Protein Business

July 25, 2024

American Industrial Partners (AIP) has acquired AGCO Corporation's Grain & Protein division in an all-cash divestiture, creating a standalone, privately held business rebranded as Grain & Protein Technologies. The business, which operates leading brands including GSI, Cumberland, AP, Tecno and Cimbria, generates approximately $1 billion in annual revenue, employs ~3,200 people across 14 manufacturing facilities globally, and will be led by CEO Jacob Thomas.

Buyers
American Industrial Partners
Targets
AGCO Grain & Protein (rebranded Grain & Protein Technologies)
Sellers
AGCO Corporation
Industry
Manufacturing
Location
Georgia, United States
Transaction Type
Divestiture

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