CEDAR RAPIDS — A Canadian company with more than $500 million in annual sales has acquired a small, locally owned maker of blending systems for the agricultural and fuel industries.
Ag Growth International, based in Winnipeg, Canada, announced last month that it has acquired Cedar Rapids-based Junge Control Inc.
Dave and Mary Junge had owned Junge Control since its founding in 1979. The company had about $6.5 million in sales in 2017, Mary Junge said.
In a news release, Dave Junge said the acquisition will help his company accelerate its growth as its customers now extend out to both coasts.
“Over the last few years, it became apparent we needed to expand our team quickly since we are now covering the entire country and will eventually expand internationally. This strategic move definitely poises JCI and AGI to continue their excellent product offering and stellar support JCI has been known for,” he said.
The Junges will stay with the company for at least the next year, according to the release. Junge Control’s about 20 employees will stay with the company in Cedar Rapids.
Terms of the acquisition were not disclosed.
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