![]() Agrium is focused on driving operational excellence across our businesses, pursuing value-enhancing growth opportunities and returning capital to shareholders.Ĭertain statements in this press release constitute forward-looking statements. With a focus on sustainability, the company strives to improve the communities in which it operates through safety, education, environmental improvement and new technologies such as the development of precision agriculture and controlled release nutrient products. We partner with over half a million grower customers globally to help them increase their yields and returns on more than 50 different crops. Agrium retail-distribution has an unmatched network of over 1,400 facilities and approximately 3,800 crop consultants. Agrium produces nitrogen, potash and phosphate fertilizers, with a combined wholesale nutrient capacity of over nine million tonnes and with competitive advantages across all product lines. Agrium supplies growers with key products and services such as crop nutrients, crop protection, seed, and agronomic and application services, thereby helping to meet the ever growing global demand for food and fiber. is a major producer and distributor of agricultural products and services in North America, South America, Australia and Egypt through its agricultural retail-distribution and wholesale nutrient businesses. The transaction is expected to close by the end of third quarter of 2016.Īgrium Inc. The transaction is subject to customary closing conditions, and regulatory clearances. The sale does not involve Cargill's Canadian crop input retail business. We remain steadfast in our commitment to help farmers succeed by ensuring they remain competitive in the global market and being as efficient as possible in getting products from origins to destinations." Roger Watchorn, group leader of Cargill's North American agricultural supply chain, said: "Cargill will focus on being the world's leading merchant of grain and oilseeds. "We welcome the Cargill Ag-retail employees to the Agrium family and are excited to bring our agronomic expertise and quality products and services to growers in this important agricultural region," added Mr. This acquisition will allow us to capitalize on synergies related to the introduction of our proprietary products and services, and leveraging our extensive distribution network," commented Agrium's President and CEO, Chuck Magro. The locations are in regions where we currently have a limited presence. "This acquisition demonstrates our continued focus on growing our North American Ag-retail business, particularly in the highly desirable U.S. Corn-Belt region, in the states of Nebraska, South Dakota, Minnesota, Wisconsin, Michigan and Indiana. The outlets are located across the northern U.S. ( AGU) ( AGU) announced today a binding purchase agreement between its Crop Production Services ("CPS") and Cargill AgHorizons (U.S.) ("Cargill") for the acquisition of 18 Ag-retail locations with annual revenues of over $150-million. CALGARY, AB -(Marketwired - July 06, 2016) - Agrium Inc.
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