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Agrium enters agreement to sell Turf and Ornamental business

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Staff writer ▼ | May 10, 2014
Agrium, Inc. has entered into a definitive agreement with Koch Agronomic Services, LLC, an affiliate of Koch Fertilizer, LLC, to sell its Turf and Ornamental business for approximately $85 million including working capital.
Agrium
AgriumAgrium, Inc. has entered into a definitive agreement with Koch Agronomic Services, LLC, an affiliate of Koch Fertilizer, LLC, to sell its Turf and Ornamental business for approximately $85 million including working capital.


This transaction is part of a strategic review process completed in 2013 with regards to the discontinued operations of the former Agrium Advanced Technologies (AAT) business unit. The transaction is subject to customary closing conditions, final purchase price adjustments and regulatory clearances and the sale is anticipated to close in the second quarter of 2014.

"We are very pleased with the value received for the Turf and Ornamental business and will continue to focus on optimizing our portfolio and product lines to generate additional value for our shareholders," commented Chuck Magro, Agrium's president and CEO.


 

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