DULUTH, Ga. — AGCO Corp. announces it has entered into a definitive agreement to sell the majority of its Grain & Protein business to American Industrial Partners (AIP) in an all-cash transaction valued at $700 million, subject to working capital and other customary closing adjustments.
“The divestiture of Grain & Protein supports AGCO's strategic transformation, recently accelerated by the PTx Trimble joint venture, which closed in April 2024,” Eric Hansotia, AGCO's chairman, president and CEO, said. “Divesting this business allows us to streamline and sharpen our focus on AGCO's portfolio of award-winning agricultural machinery. . .
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