GSI Purchases Johnson System Inc. (JSI), a Leading Manufacturer of Catwalks, Towers, Support Structures

GSI expands product offering to Dealers, customers

Business Wire

ASSUMPTION, Ill.--(BUSINESS WIRE)--

Grain Systems, Inc. (GSI), a global brand of AGCO (AGCO), announced today that it has purchased Johnson System Inc. (JSI), a leading manufacturer of catwalks, towers and support structures based in Marshall, Michigan.

The acquisition includes JSI’s manufacturing operation in Marshall and approximately 70 employees, all of whom will be retained by GSI. Owners Howard and Kathleen Johnson, who founded JSI in 1983, will continue on to assist with the integration process.

“We’re very excited about adding JSI to the GSI and AGCO family of companies as it provides us with new growth opportunities that offer our Dealers system solutions to enhance the productivity, efficiency and profitability of their customers’ operations,” said Tom Welke, Senior Vice President, GSI, Global Grain & Protein.

“With the acquisition of JSI, we are adding a quality brand with a reputation for excellent products, customer service and responsiveness,” Welke said. In addition to manufacturing catwalks and towers, JSI also produces temporary storage systems, aeration systems, superstructures, decks, stair systems, grain ladders and numerous other agricultural products.

ABOUT JSI

Johnson System Inc. (JSI) is a leading manufacturer of catwalks, towers, and support structures. In addition, JSI fabricates temporary storage systems, aeration systems, superstructures, decks, stair systems, grain ladders and numerous other agricultural products. Located in Marshall, Michigan, JSI has over 30 years of experience in the grain handling business and offers customized products to meet the unique and specific needs of any project. http://www.johnsonsysteminc.com/

ABOUT AGCO

AGCO, Your Agriculture Company (AGCO), is a global leader focused on the design, manufacture and distribution of agricultural machinery. AGCO supports more productive farming through a full line of tractors, combines, hay tools, sprayers, forage equipment, tillage implements, grain storage and protein production systems, as well as related replacement parts. AGCO products are sold through five core machinery brands, Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra®, and are distributed globally through 3,150 independent dealers and distributors in more than 140 countries worldwide. Retail financing is available through AGCO Finance for qualified purchasers. Founded in 1990, AGCO is headquartered in Duluth, Ga., USA. In 2012, AGCO had net sales of $10 billion. www.AGCOcorp.com

Contact:
Media Contacts
GSI
Lena Swearingen, 217-226-5193
or
Charleston|Orwig
Dave Harding, 262-563-5075
or
Investor Contact
AGCO
Greg Peterson, 770-232-8229


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