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FOLLOW-ON ACQUISITION - VIS<br />

§ Acquisition of VIS in November 2015 -<br />

positions AGI as a significant player in the<br />

fertilizer handling, storage and distribution<br />

market in Western Canada<br />

§ Significant synergies by bundling Westeel<br />

Smoothwall bins with commercial fertilizer<br />

distribution equipment<br />

§ Complementary sales cycle weighted to the<br />

beginning of the year<br />

17

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