GUELPH, ON , June 3, 2022 /CNW/ - Linamar Corporation (TSX: LNR) today announced that it has completed its acquisition of the Salford group of companies (the "Salford Group"), a global leader in crop nutrition application and tillage products. The acquisition is an important milestone in the expansion of Linamar Agriculture's portfolio.

"We are very pleased to complete this acquisition," said Linda Hasenfratz , Linamar's Executive Chair and CEO. "Salford is an outstanding brand in farm tillage and crop nutrition. Together with our current ag division, MacDon, we have a solid foundation from which to execute our agriculture strategy going forward. We are thrilled to welcome the Salford Group into the Linamar family today."

Salford Group, founded in 1978 is headquartered in Salford, Ontario with three manufacturing locations in Canada and two manufacturing locations in the United States . The Salford product lineup includes both pneumatic and spinner type fertilizer spreaders, cover crop seeders, and a range of tillage equipment. Salford's products are engineered and built to be durable, innovative, and complementary to mainline OEM products with distinct performance advantages related to higher productivity, greater efficiency and environmental sustainability. The company has been able to leverage technological developments in precision agriculture to allow producers to manage their crop production with an ever increasing degree of accuracy.

Linamar used funds available through its existing credit facilities to complete this transaction.

For more information on Salford's lineup of agriculture equipment offerings, visit their website at salfordgroup.com

Linamar Corporation (TSX: LNR) is an advanced manufacturing company where the intersection of leading-edge technology and deep manufacturing expertise is creating solutions that power vehicles, motion, work and lives for the future. The Company is made up of two operating segments – the Industrial segment and the Mobility segment, both global leaders in manufacturing solutions and world-class developers of highly engineered products. The Industrial segment is comprised of Skyjack, MacDon and Salford . Skyjack manufactures scissor, boom and telehandler lifts for the aerial work platform industry. MacDon manufactures combine draper headers and self-propelled windrowers for the agricultural harvesting industry. Salford also supplies the agriculture market with farm tillage and crop fertilizer applicator equipment. The Mobility segment is subdivided into three regional groups: North America , Europe and Asia Pacific . Within the Mobility segment, the regional groups are vertically integrated operations combining expertise in light metal casting, forging, machining and assembly for both the global electrified and traditionally powered vehicle markets. The Mobility segment products are focused on both components and systems for new energy powertrains, body and chassis, driveline, engine and transmission systems of these vehicles. In addition to the recently formed eLIN Product Solutions Group that focuses on Electrification, McLaren Engineering provides design, development, and testing services for the Mobility segment. Linamar has 26,550 employees in 65 manufacturing locations, 14 R&D centres and 28 sales offices in 17 countries in North and South America , Europe and Asia , which generated sales of $6.5 billion in 2021. For more information about Linamar Corporation and its industry-leading products and services, visit www.linamar.com or follow us on our social media channels.

Salford Group is a global leader in manufacturing tillage and precision application equipment. Salford is dedicated to improving agricultural productivity and profitability through innovation and advancements in precision, durability, versatility. Salford Group's products include the patented I-Series and HALO tillage product lines. Salford's AerWay division brings quality tillage and pasture aeration equipment. The BBI Spreader and Valmar divisions of Salford bring decades of patented dry application innovations. Salford engineers and manufactures its highly productive agricultural equipment from its facilities in Iowa , Georgia , Ontario , and Manitoba . For more information, visit our website at www.salfordgroup.com or visit its social media channels.

View original content: http://www.newswire.ca/en/releases/archive/June2022/03/c5016.html

Anyone positioning their portfolio for a recession could be making a big mistake.

While not strictly speaking an evangelist, billionaire Mark Cuban has invested in the industry. "In stocks and crypto, you will see companies that were sustained by cheap, easy money—but didn't have valid business prospects—will disappear," Cuban said. The most popular cryptocurrency is currently trading at around $20,657.77, according to data firm CoinGecko.

When Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett speaks, Wall Street and investors wisely pay close attention. While riding Buffett's coattails has been a moneymaking strategy for decades, it's equally important to take note of the stocks that the world's most successful investor and his investing team are selling or avoiding. Thus far in 2022, Warren Buffett has overseen the aggressive selling of the following five stocks.

The Bitcoin carnage continues, as the cryptocurrency breaks $20,000 to trade at its lowest level since 2020.

Investors might take some comfort in crystal-ball gazing by Bank of America, which uses history to plot the next bull market.

Already, very early signs of slowing demand and inflation are cropping up. If the economy averts all-out disaster, then stabilizing or declining rates would spur a market rebound.

AMD and Nvidia have been swallowed up in the bear market, with each stock declining at least 50%. Here's how to trade them now.

Retail stocks have taken a beating, but inflation, supply chain woes, and other cost concerns don't tell the full story.

‘Bitcoin has already broken down [and is] now seeing significant downside follow-through,’ says Katie Stockton of Fairlead Strategies. Bitcoin believer Yves Lamoureux of Lamoureux & Co., though, thinks ‘bitcoin is fine.’

Remember TINA? She’s the one everyone was talking about for the past few years, when it came to buying stocks. ‘There is no alternative,’ they said – pointing out that the near-zero interest rate policy has pushed bond yields down to nothing, and that the housing crisis of 2008 had left investors wary of the real estate market – and stocks were the highest returning game in town. Not anymore. The Federal Reserve has just cracked the whip on rate hikes, implementing a 0.75% increase to the benchm

A decline in earnings could be the next shoe to drop for investors. But it’s all a prelude to what may be the best buying opportunity in decades.

It's no secret that Warren Buffett is one of the best investors alive, delivering investors returns of 20% compounded annually since becoming chief executive officer of Berkshire Hathaway in 1965. Numerous factors can explain Buffett's success, and an important one is his love of dividend stocks. Dividend stocks are a great source of returns in the market and, according to Fidelity, have accounted for 40% of the S&P 500's total returns since 1930.

THE MONEYIST Dear Quentin, My boyfriend and I have been together seven years, and in that time I bought a house. I used my own savings and spent about $10,000 on renovations. My house is a three-bedroom family home, and the tenants cover most of my mortgage.

Bank stocks are dirt-cheap right now, and Citi in particular looks like a bargain. Watch the Fed’s stress-test results—and Warren Buffett’s purchases—to see what might be in store.

Stocks' stomach-churning start to 2022 raises big questions for the next six months. Here's what you should know.

The major indexes sold off on recession fears, while Bitcoin broke another key level. Tesla rival BYD is near a buy point.

President Joe Biden and a slew of other democrats have been lashing out against Big Oil, accusing the companies of price gouging

Credit Suisse has warned of a “new world order” in financial markets after central banks began aggressively ramping up interest rates.

(Bloomberg) -- Most Read from BloombergChina Says It May Have Detected Signals From Alien CivilizationsMusk, Tesla, SpaceX Are Sued for Alleged Dogecoin Pyramid Scheme'Drip Pricing' Is Turning Checkout Into a Nasty SurpriseUS Equities End Turbulent Week With a Modest Gain: Markets WrapBiden Signals US Can Avert Recession But Americans Are ‘Really Down’With crypto prices tumbling precipitously, traders have begun increasingly turning against one another to eke out ever-elusive profits.Many shark

(Bloomberg) -- You can look but you won’t find a stretch of futility as pervasive as the one that is landing on Wall Street.Most Read from BloombergPutin Gets Unexpected Pushback From Ally Over War in UkraineChina Says It May Have Detected Signals From Alien CivilizationsSergey Brin Seeks Divorce, Joining Gates and Bezos in SplitMusk, Tesla, SpaceX Are Sued for Alleged Dogecoin Pyramid SchemeMonkeypox Testing Shows the US Learned Little From the Covid-19 PandemicEven in the long and storied hist