Winnipeg, MB - March 21st, 2016 - Ag Growth International Inc. (TSX:AFN) ("AGI") is pleased to announce an upcoming increase in its smoothwall bin production capabilities through the conversion of its AGI Nobleford facility into a Westeel Smoothwall production facility. This conversion will not only increase AGI's smoothwall production capabilities overall, but facilitate the introduction of a commercial smoothwall product line. The AGI Nobleford's facility, located in Nobleford, Alberta, offers 186,000 square feet of production and office space, and is perfectly situated within the Western Canadian farm and commercial smoothwall market. Presently, AGI manufactures all Westeel smoothwall bins at one facility in Saskatoon, Saskatchewan.
"The conversion of our AGI Nobleford facility will give our Westeel Smoothwall product line the optimal geographic reach needed to service the farm and commercial smoothwall market," says Tim Close, President and CEO.
This decision follows AGI's recently announced agreement to acquire NuVision Industries, Inc., which increases AGI's presence in the build out of Western Canadian commercial fertilizer handling and storage facilities.
"Recent and pending acquisitions provide AGI with the ability to develop fertilizer infrastructure in Western Canada, increasing the urgency to introduce a full commercial smoothwall product line as we move to supply material handling and storage solutions for customers in the fertilizer sector."
AGI will immediately begin the conversion of the Nobleford facility in order to increase its smoothwall production capabilities. The galvanized bin production presently taking place in Nobleford will be transferred to the Westeel Winnipeg facility.
About Ag Growth International
Ag Growth International (AGI) is a leading manufacturer of portable and stationary grain handling, storage and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, grain drying systems, and fertilizer handling and storage systems. AGI has seventeen manufacturing facilities in Canada, the United States, Brazil and Italy, and distributes its products globally.
For futher information, please contact:
VP, Farm Divisions