Westeel

What Westeel does

Westeel, marketed as AGI Westeel, is a Winnipeg, Canada-based brand division of Ag Growth International (AGI, TSX: AFN) that designs and manufactures galvanized steel storage and conditioning systems for agricultural and industrial bulk commodity handling. The product portfolio is centered on grain storage bins (flat bottom, bolted, hopper, and smoothwall designs built with heavy-gauge ultra-flat corrugated galvanized steel) and is complemented by liquid storage tanks (including dual-wall Fuel Vault fuel tanks), water tanks, secondary containment systems, mixed flow grain dryers, aeration equipment, fans and heaters, stirring systems, and the SmartStir bin management system. The company's underlying technology is rooted in galvanized steel construction, smoothwall single-piece bin engineering, and increasingly in monitoring and automation hardware that connects its bins into AGI's broader digital stack of controllers, hazard monitoring, and bin management products. AGI holds a portfolio of registered patents supporting these technologies.

Westeel serves two primary end markets through a dealer channel. The first is on-farm customers — individual farmers and farm operations requiring grain bins, aeration, water tanks, and portable handling equipment for harvest-time storage and crop preservation. The second is commercial agricultural operations — grain elevators, fertilizer and feed processors, and large-scale handlers that need bulk storage, conditioning, and material handling systems at industrial scale. A smaller third segment covers industrial liquid storage for fuels, liquid fertilizers, and chemicals requiring dual-wall containment for safety and regulatory compliance. All sales are fulfilled through AGI's authorized dealer and installer network across North America; Westeel does not sell direct, and pricing is quote-based and configuration-dependent rather than publicly listed. Revenue is generated primarily through one-time hardware sales with accessories, replacement parts, and increasingly digital add-ons (SmartStir, monitoring/automation) as secondary streams. As a division of AGI, Westeel does not publish standalone financials, and no separate funding, M&A, or management team disclosures exist for the brand.

Name

Westeel

Legal name

Westeel (Division of Ag Growth International)

Website

https://westeel.com

Company type

Private

Founded year

1946

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Westeel (AGI Westeel) is a Winnipeg-based brand division of Ag Growth International that designs and manufactures galvanized steel grain bins, liquid storage tanks, water tanks, and grain conditioning equipment, sold through AGI's authorized dealer network to farm and commercial agricultural customers across North America.

Ownership category

akta.pro rank

Product category

Agricultural Storage Equipment

NAICS

Agriculture, Construction, and Mining Machinery Manufacturing (3331), Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing (333924)

SIC

Construction, Mining & Materials Handling Machinery & Equip (3530), Farm Machinery & Equipment (3523), Industrial Trucks, Tractors, Trailors & Stackers (3537)

akta.pro primary industry

Bulk Solids Handling & Processing Equipment (Conveying, Silo, Feeders) (IMAHAEAG)

akta.pro secondary industries

Bulk Material Handling Systems (Belt Conveyors, Feeders, Stackers, Reclaimers) (IMAHABAH), Grain & Oilseed Elevator Storage (TLALAIAA), Grain Dryer Systems Integration & Installation (AFAOAHAB)

Keywords

• Grain storage bins
• Steel storage tanks
• Agricultural storage equipment
• Liquid storage tanks
• Grain handling systems

Headquarters

HQ city

Winnipeg

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Agricultural Storage Equipment Sales: AGI Westeel generates revenue through the sale of grain bins, smoothwall bins, hopper bins, bolted bins, aeration equipment, water tanks, and liquid storage tanks. Products are sold through an authorized dealer network to farm and commercial customers. Revenue is primarily one-time hardware sales with accessories and replacement parts as a secondary revenue stream.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Westeel (AGI Westeel) designs and manufactures galvanized steel storage and handling systems, including flat bottom and hopper grain bins, smoothwall bins, bolted bins, liquid storage tanks, water tanks, mixed flow dryers, aeration equipment, and unload/sweep systems. Products are sold through an authorized dealer and installer network to farm operations, commercial agricultural enterprises, and industrial customers across North America. The portfolio is built around heavy-gauge corrugated galvanized steel, with complementary conditioning and monitoring equipment.

Product overview

AGI Westeel is a brand under Ag Growth International (AGI) offering a comprehensive portfolio of galvanized steel storage and handling solutions for agriculture. The product lineup centers on grain storage bins (flat bottom, bolted, hopper, and smoothwall designs) complemented by liquid storage tanks, water tanks, and secondary containment systems. Conditioning products include mixed flow dryers, aeration equipment with fans and heaters, stirring systems, and SmartStir technology. The portfolio integrates with AGI's broader technology ecosystem including controllers, hazard monitoring, and monitoring & automation systems. Products are designed with focus on flexibility, exceptional quality, and ease of assembly, serving both farm and commercial operations across North America.

Differentiator

Problem solved

Functional benefit

Brands

• Grain Bins: Flat bottom grain bins built with heavy gauge, ultra-flat corrugated steel, tested for all weather conditions worldwide.
• Smoothwall Bins
• Aeration Equipment
• Liquid Storage Tanks
• Water Tanks

Products and services

• Grain Bins AGI Westeel's premium flat bottom storage bins engineered for superior strength, built with heavy-gauge, ultra-flat corrugated galvanized steel and tested for all weather conditions worldwide. Designed for farm and commercial grain storage applications.
• Smoothwall Bins Long-term, heavy-duty storage bins with smooth interior walls to prevent material hang-up, built as one piece with a hopper bottom. Suitable for grain and corrosive material storage.
• Bolted Bins Steel storage bins with bolted construction for agricultural grain storage applications.
• Hopper Bins Storage bins with hopper bottom design for efficient gravity discharge of stored grain and bulk materials.
• Liquid Storage Tanks Durable steel tanks for liquid storage across North America, including Fuel Vault dual-wall fuel storage tanks with secondary containment, backed by over 75 years of design and manufacturing experience.
• Water Tanks Durable corrugated steel water storage tanks designed for locations with limited water access, with adaptable rainwater storage capability that minimizes transport and storage costs.
• Unloads & Sweeps Equipment for unloading grain and other bulk materials from storage bins, including sweep augers and unload systems.
• Secondary Containment System Spill containment systems for liquid storage tanks that prevent environmental contamination from fuel, fertilizer, or chemical releases.
• Aeration Equipment Aeration systems including fans and heaters customized to storage and climate needs, with monitoring systems to prevent stored crops from becoming too wet, too dry, or freezing.
• Mixed Flow Dryers Grain drying equipment using mixed flow technology for efficient moisture removal from harvested crops.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Chief Industries: Nebraska-based manufacturer of grain bins, aeration equipment, and material handling systems serving farm and commercial customers. Comparable as a competing grain storage and conditioning equipment brand in the North American market.
• GSI (Grain Systems Inc.): Global manufacturer of grain storage bins, dryers, aeration, and material handling equipment serving farm and commercial operations. Highly comparable product portfolio, including galvanized steel grain bins, aeration systems, and conditioning equipment.
• CST Industries: Global manufacturer of steel storage tanks, silos, and covers for agricultural, water, and industrial liquid storage. Comparable in liquid storage tanks and bulk solids storage product lines.
• Sioux Steel Company: Manufacturer of grain storage bins, water tanks, and livestock equipment with a strong North American dealer presence. Comparable in grain bin and steel tank categories, serving similar farm and commercial customers.
• Sukup Manufacturing Co. Family-owned Iowa-based manufacturer of grain bins, dryers, and material handling equipment for agricultural operations. Directly comparable in grain storage and conditioning product categories, serving similar farm and commercial customers across North America.
• Brock Grain Systems: Manufacturer of grain storage bins, grain dryers, and material handling systems for agricultural operations. Directly comparable in grain bin and conditioning product categories with overlapping dealer channel.
• Behlen Mfg. Co. Nebraska-based manufacturer of grain storage bins, buildings, and agricultural equipment. Directly comparable as a competing North American grain bin and storage equipment manufacturer.

Emerging players

• Snyder Industries: Manufacturer of polyethylene and steel storage tanks for agricultural, industrial, and chemical applications. Comparable in liquid storage and water tank product categories.

Broad incumbents

• AGI (Ag Growth International): Parent company of Westeel and a broader agricultural equipment platform spanning storage, handling, conditioning, and processing. Comparable because it owns and operates Westeel's product lines and channels.

Regional players

• Superior Grain Equipment: North American manufacturer of grain storage bins, hopper tanks, and material handling equipment serving farm and commercial operations. Comparable in grain bin manufacturing with overlapping customer segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/westeel_1905
• YouTubeyoutube.com/channel/UCo626YSY7PHeruItJ9ocyfA
• Facebookfacebook.com/westeel1905
• LinkedInlinkedin.com/company/westeel

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Westeel