Ag Growth International

What Ag Growth International does

Ag Growth International Inc. (TSX: AFN) is a Canadian manufacturer of grain handling, storage, conditioning, and processing equipment serving agricultural producers and commercial operators in more than 100 countries. Founded in 1996 and listed on the Toronto Stock Exchange since November 2004, AGI operates through a multi-brand portfolio including Westfield, Batco, Westeel, Hi Roller, Hutchinson, Milltec, Sentinel, BinManager, and Farmobile, with manufacturing facilities in Canada, the United States, Brazil, India, France, and Italy. The business is organised into two primary segments: Farm Operations (grain bins, hopper bins, smoothwall bins, augers, conveyors, dryers, aeration, stirring systems, fuel/water tanks, and on-farm monitoring technology) and Commercial Operations (turnkey engineering solutions for grain, fertilizer, seed, feed, and food processing including consulting, project management, millwrighting, and installation).

The product platform spans galvanized corrugated steel grain bins, K-Series Mixed Flow Dryers with screenless operation and computerized moisture control delivering up to 30% fuel savings versus conventional screen dryers, SmartStir circular-pattern grain mixing systems, FX4 conveyors with throughput up to 10,500 BPH, Easyflow2 unload systems with UHMW gate sliders, Lock-n-Load floors supporting up to 100 feet of grain depth, and digital monitoring/automation solutions including AGI BinManager for in-bin quality telemetry and AGI Farmobile for in-field data collection. Custom engineering capabilities include three-dimensional modeling with assembly interference detection, section property calculations, and finite element stress analysis, applied to UL/ULC-certified fuel tanks and bespoke commercial installations.

AGI generates revenue through one-time hardware sales of capital equipment distributed via an authorized dealer network, supplemented by direct enterprise sales for commercial engineering projects and turnkey installations. Pricing is quote-based and not publicly disclosed, with multi-year contracts typical for major commercial projects. As of early 2026, AGI employs 1,001–5,000 people and reported quarterly revenue between CAD 282M (Q1 2026) and CAD 396M (Q4 2025), but the company is operating under significant stress: 26% YoY order book contraction, 4.7x net debt leverage, an April 2026 cease-trade order related to material weaknesses in Brazil operations internal controls, an active Strategic Review process under activist pressure from Plantro Ltd., and a March 2026 restructuring plan targeting at least CAD 20M in annualized savings.

Name

Ag Growth International

Legal name

Ag Growth International Inc.

Website

https://aggrowth.com

Company type

Public

Founded year

1996

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Ag Growth International (TSX: AFN) manufactures grain handling, storage, conditioning, and processing equipment under multiple brands for farm and commercial agricultural operators in 100+ countries via Westfield, Batco, Westeel, Hi Roller, and Milltec.

Ownership category

akta.pro rank

Product category

Agricultural Grain Handling and Storage Equipment

NAICS

Farm Machinery and Equipment Manufacturing (333111), Agricultural Implement Manufacturing (33311)

SIC

Farm Machinery & Equipment (3523), Wholesale-Industrial Machinery & Equipment (5084)

akta.pro primary industry

Grain Bin & Silo Systems (On-Farm) (AFAOABAA)

akta.pro secondary industries

Drying & Dehydration Equipment (Grain Dryers, Fruit/Vegetable Dryers) (AFAAAJAB), In-Bin Drying & Aeration Control Systems (AFAOAHAH)

Keywords

• Grain handling equipment
• Agricultural storage systems
• Grain processing machinery
• Fertilizer handling equipment
• Commercial food processing

Headquarters

HQ city

Winnipeg

HQ country

Canada

HQ region

North America

Offices11 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Equipment Sales: Sale of agricultural equipment including grain bins, dryers, conveyors, augers, aeration systems, and accessories. Primarily capital goods with one-time purchase model for equipment.
2. Commercial Solutions and Engineering Services: Full-service planning and engineering services for storage, handling, processing, and monitoring of agricultural commodities including turnkey solutions, consulting, project management, millwrighting, and installation services

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

AGI manufactures and sells portable and stationary grain handling, storage, conditioning, and processing equipment — including grain bins, mixed flow dryers, augers, conveyors, aeration systems, fans and heaters, fuel tanks, and fertilizer/feed handling systems — for farm and commercial agricultural operations in more than 100 countries. The company also provides full-service planning, engineering, project management, millwrighting, and installation services for commercial storage, handling, processing, and monitoring projects across the grain, fertilizer, seed, feed, and food sectors.

Product overview

AGI (Ag Growth International) is a provider of equipment and customized engineering solutions for the storage, handling, conditioning, and processing of agricultural products worldwide. The company operates a multi-brand portfolio offering both farm and commercial equipment across the grain, fertilizer, seed, feed, and food segments. The product portfolio is organized around sub-brands (Westfield, Batco, Westeel, Hutchinson, Hi Roller, Farmobile, BinManager, Milltec, Sentinel) and core product categories including: grain storage (bins, hopper bins, smoothwall bins), conditioning (mixed flow dryers, fans, heaters, aeration, stirring), portable handling (augers, conveyors, grain vacs), permanent handling (bucket elevators, chain conveyors, belt conveyors), structures (towers, catwalks, ladders), buildings, processing equipment (batch blenders, vertical blenders, decling weight blenders), fertilizer systems, feed handling, food processing, seed processing, and technology solutions (controllers, hazard monitoring, monitoring and automation). AGI serves customers in over 100 countries through manufacturing facilities in Canada, the United States, Brazil, India, France, and Italy.

Differentiator

Problem solved

Functional benefit

Brands

• AGI Westeel: Legacy brand for aboveground steel storage tanks serving industries across North America for over 75 years, producing fuel tanks, grain bins, and liquid storage tanks.
• AGI Batco
• AGI Westfield
• AGI GrainMaxx
• AGI Hutchinson
• AGI Hi Roller
• AGI NECO
• AGI Sentinel
• AGI BinManager
• AGI Farmobile
• AGI Airlanco
• AGI CMC
• AGI Commercial
• AGI MMS
• AGI Tramco
• AGI Fertilizer Systems
• AGI Milltec
• AGI FlexMill
• AGI Farm
• AGI KEHO
• AGI Frame

Products and services

• Grain Bins Galvanized corrugated steel grain bins available with flat bottoms or hopper bottoms for storing grain and non-corrosive materials; sold to farm and commercial customers globally.
• FX4 SP and FX4 18S Conveyors High-capacity portable grain conveyors designed for grain handling operations with throughput capacities of 8,000 to 10,500 bushels per hour (BPH), sold under AGI Batco, AGI GrainMaxx, AGI Hutchinson, and AGI Westfield brands.
• Mixed Flow Dryers (K Series) Screenless grain dryers with computerized moisture control delivering consistent higher quality grain and heavier test weights per bushel with up to 30% fuel savings compared to conventional screen dryers; sold under AGI NECO brand.
• Augers Portable grain handling augers for moving grain into and out of storage; sold under the AGI Westfield brand.
• Enclosed Belt Conveyors (AGI Hi Roller) Commercial enclosed belt conveyors for material handling applications; sold under the AGI Hi Roller brand.
• Bucket Elevators Permanent grain handling equipment for vertical material movement in commercial operations.
• Hopper Bins Hopper bottom bins with cone designs for easy unloading of grain and other bulk materials.
• Smoothwall Bins Smoothwall steel storage bins offering clean interior surfaces for grain storage applications.
• Aeration Systems Grain aeration equipment including aeration floors, fans, and circulation systems to maintain grain quality during storage; sold under the AGI Airlanco and AGI KEHO brands.
• SmartStir Grain Stirring Systems Grain stirring systems with a circular stirring pattern ensuring consistent and proper grain stirring; compatible with Westeel bins and sold under the AGI NECO brand.
• Fuel Tanks (UL/ULC Certified) ULC-certified stationary and transportable aboveground steel fuel storage tanks with corrosion-resistant powder coating for farm and commercial use; UL-certified for the U.S. market and ULC/Transport Canada-certified for Canadian applications; sold under the AGI Westeel brand.
• Grain Vacs Portable grain vacuum systems for handling grain in various farm applications.
• Fans and Heaters Aeration and grain-drying equipment including axial fans, centrifugal fans, tapered roof exhausters, and low temperature downstream heaters; sold under AGI Airlanco and AGI KEHO brands.
• Fertilizer Systems Complete fertilizer handling solutions including bulk receiving, tower systems, liquid handling, and loadout equipment for commercial operations; sold under the AGI Fertilizer Systems brand.
• AGI BinManager (Bin Monitoring Platform) Bin monitoring technology platform for smart device control and real-time monitoring of in-bin grain quality with automated data collection.
• AGI Farmobile (Agronomic Data Platform) Digital technology platform for in-field agronomic and machine practice data collection, offering real-time data collection for farmers.
• AGI Milltec Rice Milling Solutions Turnkey rice milling and seed processing solutions including equipment manufacturing and installation services; primarily serving India and South America markets from Bengaluru, India.
• AGI FlexMill Feed Handling Systems Commercial feed processing and handling equipment including storage, material handling, and feed systems for commercial feed operations.
• Commercial Food Processing Solutions Full-service food processing solutions including consulting, engineering, project management, equipment supply, millwrighting, installation, and turnkey solutions for food processing customers.
• Agricultural All-Steel Buildings (AGI Sentinel) Pre-engineered steel buildings for agricultural use; sold under the AGI Sentinel brand.
• Batch, Declining Weight, and Vertical Blenders Processing equipment for batch blending, declining weight blending, and vertical mixing applications in commercial fertilizer and feed operations.
• Commercial Engineering and Project Services Full-service planning and engineering services for storage, handling, processing, and monitoring of agricultural commodities including turnkey solutions, consulting, project management, millwrighting, and installation services.

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators13 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Deere & Company (John Deere): John Deere is the dominant global ag equipment OEM. While Deere's core focus is tractors and field equipment, its grain handling adjacencies and dealer network make it a relevant incumbent comparable for AGI's commercial go-to-market model.
• AGCO Corporation: AGCO is a global leader in agricultural equipment (Massey Ferguson, Fendt, GSI). Through GSI, AGCO directly competes with AGI in grain storage bins, handling, and conditioning equipment — making it the most natural strategic acquirer for AGI's commercial grain infrastructure business.
• CNH Industrial (Case IH / New Holland): CNH Industrial is a global ag and construction equipment manufacturer. As a broad incumbent with deep dealer relationships in agricultural markets, CNH is comparable to AGI on GTM mechanics, customer overlap, and aftermarket exposure.

Direct peers

• Cimbria (AGCO): Cimbria designs and manufactures grain handling, drying, conditioning, and seed processing equipment — a near-direct competitor to AGI's commercial handling/drying portfolio and Hi Roller, Tramco, and NECO product lines.
• Meridian Manufacturing: Canadian-based Meridian manufactures smoothwall bins, hopper cones, grain handling equipment, and fuel tanks. It directly competes with AGI Westeel and AGI's hopper bin and smoothwall bin product lines in North America.
• Bühler Group: Swiss-based Bühler is a global leader in grain processing, rice milling, and food processing equipment. AGI's Milltec brand and AGI Commercial food processing segment directly overlap with Bühler's grain & food businesses.
• Brock Grain Systems (CTB): Brock is a CTB-owned brand specializing in grain bins, dryers, and material handling for commercial and farm markets. Brock competes head-to-head with AGI Westeel, NECO, and Hi Roller across the commercial grain handling segment.
• Sukup Manufacturing Co. Sukup is a family-owned US manufacturer of grain bins, grain dryers, aeration fans, and material handling equipment. It directly competes with AGI Westeel, NECO, and Airlanco across the on-farm grain storage and conditioning category.
• CTB (Berkshire Hathaway): CTB's Brock grain systems and related subsidiaries manufacture grain bins, dryers, and material handling equipment. As a Berkshire-owned entity, CTB is a meaningful direct competitor in the North American on-farm grain storage market.

Regional players

• Chief Industries: Chief Industries operates grain storage, handling, and processing equipment businesses (Chief Agri, Chief O'Brien) primarily serving North American farm and commercial markets. Overlaps with AGI's Westeel and commercial handling product lines.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/AgGrowthIntl
• YouTubeyoutube.com/channel/UCo626YSY7PHeruItJ9ocyfA
• Facebookfacebook.com/AgGrowthInt
• LinkedInlinkedin.com/company/aggrowthinternational

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds6 records

Investors12 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A17 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ag Growth International