Ag Growth International Acquires Entringer

Ag Growth International Inc. has announced the acquisition of Entringer S.A., a Brazilian-based manufacturer of grain bins, bucket elevators, dryers and cleaners.

AGI President and CEO Tim Close said this is the right moment for the company to act.

“Despite the economic and political turmoil in Brazil, the agriculture sector has remained a positive point for the country,” he said. “The issues facing the country have had a substantial impact on the currency, creating, what we believe to be, an opportunistic time to enter the market and establish a platform for growth.”

He said the Brazilian agriculture market continues to gain momentum, and several developments in farm practices offer a next-level opportunity.

“The combination of the growing crop and the lack of infrastructure create an excellent market for AGI,” Close said. “Historically, taxes and tariffs that exist in Brazil have restricted our ability to compete in this exciting market, and with today’s announcement, we now have manufacturing capabilities within Brazil.  S