Hey there, time traveller!
This article was published 18/4/2013 (1111 days ago), so information in it may no longer be current.
MACDON Industries is up for sale, according to unconfirmed reports.
The business owned by the MacDonald family of Winnipeg is looking for a buyer, Reuters reported this week.
Reuters said it could fetch as much as $1 billion.
Company CEO Allan MacDonald did not return calls Thursday, which is not surprising. Even though it is one of the most successful businesses in the city -- growing to 1,400 employees from 600 employees in 2007 -- it is fiercely private when it comes to media coverage.
Among other things, the company makes industry-leading windrowers (also called swathers) from start to finish at the Winnipeg plant.
It's also quietly developed relationships with all the mainline agriculture equipment companies such as John Deere, Case IH, New Holland and AgCo and makes private-label products for all of them.
A Winnipeg source confirmed enquiries are being made to find a buyer.
It's not known why the MacDonald family would put the business up for sale but at least one industry source pointed out how difficult it is to plan a third-generation succession for such a large company.
Three MacDonald brothers are currently engaged in managing the company.
The company operates an 800,000-square-foot manufacturing complex on 35 hectares of land in the Murray Industrial Park.