AGCO, the third largest farm machinery manufacturer in the world, is giving themselves a leg up in the agriculture sector with their purchase of Assumption, Illinois-based GSI Holdings. Greg Peterson, AGCO's Director of Investor Relations, says there were a lot of reasons for the move.
The buyout will give AGCO a better presence in the grain storage and protein processing markets. Peterson says there are no immediate plans to make employment or business model changes at GSI.
Greg Peterson, AGCO's Director of Investor Relations, says GSI is a top-notch company.