Lindsay agrees Brazilian irrigation acquisition to broaden local offering
Lindsay ($LNN) reached an agreement to acquire Setorial Irrigação, a Brazilian maker of irrigation equipment with about three decades of operating history. Setorial produces hose-reel systems, sprinklers and motor pumps at its facility in Limeira, São Paulo. The products would expand Lindsay's offering alongside its Zimmatic center-pivot systems and complement its existing irrigation portfolio. The transaction remains subject to customary closing conditions and is expected to complete in the com
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