GSI Purchases Johnson System Inc. (JSI), a Leading Manufacturer of Catwalks,
Towers, Support Structures
GSI expands product offering to Dealers, customers
ASSUMPTION, Ill. -- September 25, 2013
Grain Systems, Inc. (GSI), a global brand of AGCO (NYSE: 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.
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.
AGCO, Your Agriculture Company (NYSE: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
Lena Swearingen, 217-226-5193
Dave Harding, 262-563-5075
Greg Peterson, 770-232-8229
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