Agrium announced Wednesday that the company will purchase Cargill’s agriculture retail business in the United States. Canada-based Agrium is North America’s largest retail seller of crop inputs and will acquire 18 agriculture retail locations in Nebraska, South Dakota, Minnesota, Wisconsin, Michigan, and Indiana. In a news release, Agrium stated company officials expect the deal to close by the end of the third quarter, following regulatory review. The deal does not involve any of Cargill’s agriculture retail sites in Canada. Cargill operates 57 AgHorizons retail locations in Canada and 34 are attached to Cargill grain elevators.
The deal marks the latest transformative move for privately held Cargill, which is refocusing its operations by exiting some lower-margin businesses and expanding into higher-margin endeavors.
Source: NAFB News Service