Linamar will use existing facility for C$260 million acquisition

Chicago, April 27 – Linamar Corp. announced that it will draw on its existing credit facilities to fund the C$260 million purchase price of the Salford group of companies, according to a press release.

The purchase of the company which specializes in crop nutrition application and tillage products is expected to close during the second quarter of 2022.

Salford Group has headquarters in Salford, Ont. and has three manufacturing locations in Canada and two in the United States.

Linamar is a diversified manufacturing company based in Guelph, Ont.

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