Ag Growth Int. Acquires Finland-Based Grain Company

Ag Growth International Inc., Winnipeg, MB, in a recent press release, announced the acquisition of 100% of the outstanding shares of the Finnish company Mepu Oy, a manufacturer of portable and stationary grain drying systems.

Mepu was established in 1952 and is based in Ylane, Finland. Sales of Mepu’s farm level and commercial grain drying systems are concentrated in Finland and Eastern Europe, primarily in the Baltic region and Belarus, and have averaged Euros 14.0 million over the last three fiscal years.

“Mepu has experienced consistent growth under the leadership of Arto Sainio,” said Chief Executive Officer of Ag Growth, Rob Stenson. “We are thrilled that Arto has agreed to stay in the leadership role for a sufficient period of time to help us manage the transition. We are very excited to add this profitable and well respected company to the Ag Growth family. Mepu’s product line is a strong fit with Ag Growth’s existing catalogue and we expect both companies will benefit from the other’s distribution network and product offering.”