Ag Growth International, maker of grain handling and storage products, posted a net loss of $25.23 million for the year, compared to a profit of $4.1 million in 2014.
Results were hurt by slow sales in North America and losses on foreign exchange.
AGI bought the grain storage manufacturer Westeel during the year.
This month it bought Entringer Industrial S.A. for $15.3 million.
Entringer is a Brazilian maker of grain storage and handling equipment.
Sales in Canada were hurt by the drought in the western Prairies in the first half of the growing season, which shook farmer confidence. American sales were hurt by the rapid decline in crop prices and farm income.
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An increase in offshore sales partly made up for the weakness at home.
AGI’s international sales, excluding Westeel, increased 26 percent last year, which reflected momentum in Latin America and strong sales in the Black Sea region. International sales at Westeel were $21.7 million, through Italian subsidiaries PTM and Frame and sales in Europe, the Middle East and Africa.
AGI sales were $474.3 million, up from $409.7 million in 2014.
Earnings before interest, taxes, depreciation and amortization were $72.6 million, down from $78.2 million.
