FOR IMMEDIATE RELEASE
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AGI Appoints Tim Close to Position of President
Winnipeg, MB, March 2, 2015 – Ag Growth International Inc. (“AGI”) (TSX: AFN) is pleased to announce the appointment of Tim Close to the position of President, effective immediately. Tim has been with AGI since 2012, most recently as Senior Vice President of Strategic Development. He has played an integral role in the pending acquisition of Westeel and the acquisition of Rem Grain Vac, and is taking the lead strategic role in our organic growth initiative in Brazil. As a member of AGI’s Executive Leadership Team, Tim has played an active role in strategy development throughout AGI’s organization. As President, Tim will be responsible for overall operational performance. We expect this structure will afford Tim an opportunity to have a more broadly based impact on business performance and future development. Prior to joining AGI, Tim was a Senior Vice President at Macquarie Capital, a global investment bank, for nine years. Prior to that Tim was with GE Capital for five years in a corporate finance role. Tim received his Business Administration Degree from Wilfrid Laurier University with Honours in 1997 and completed the Chartered Financial Analyst program in 2002.
AGI is a leading manufacturer of portable and stationary grain handling, storage and conditioning equipment, including augers, belt conveyors, chain conveyors, grain storage bins, grain handling accessories, grain aeration equipment and grain drying systems. AGI has manufacturing facilities in Canada, the United States, the United Kingdom and Finland and distributes its product globally.
Further information can be found in the disclosure documents filed by AGI with the securities regulatory authorities, available at www.sedar.com and on AGI's website www.aggrowth.com.