KAS set to acquire Agrium assets by end of Q2 2014

May 9, 2014 -  By

Koch Agronomic Services (KAS), an affiliate of Koch Fertilizer, agreed to acquire the turf and ornamental (T&O) assets, brands and product technologies of Agrium Advanced Technologies, a former business unit of Agrium. Pending regulatory approvals, the transaction is expected to close at the end of the second quarter of 2014. Terms of the agreement have not been disclosed.

“We believe this acquisition will deliver long-term value for the many customers of innovative fertilizer technologies and will be an excellent addition to our existing portfolio of enhanced efficiency products,” said Tim Sturm, VP of T&O for KAS.

With this transaction, KAS will acquire production facilities in Sylacauga, Ala., and global intellectual property rights related to POLYON, DURATION, XCU, NUTRALENE and NITROFORM brands of slow-release and controlled-release fertilizers. The T&O business serves the horticulture, turfgrass, consumer lawn and garden and specialty agriculture segments.

 

 

LM Staff

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