SOURCE: Agrium Inc.

Agrium Inc.

September 06, 2016 10:45 ET

Agrium's Crop Production Services Announces Two Retail Acquisitions, to Add 34 Locations in the U.S. and Canada

CALGARY, AB--(Marketwired - September 06, 2016) - Agrium Inc. (TSX: AGU) (NYSE: AGU) announced today that it has received regulatory approval for its Retail business, Crop Production Services ("CPS"), to acquire 16 locations in Western Canada from Andrukow Group Solutions Inc. The transaction is expected to be completed by mid-September. Additionally, CPS recently completed the acquisition of 18 locations from Cargill AgHorizons (U.S.) across the northern U.S. Corn-Belt region.

"These acquisitions demonstrate our continued focus on growing our Retail business in key strategic regions, and will allow us to better serve our customers and provide benefits to growers," commented Agrium's President and CEO, Chuck Magro. "The acquired locations will increase our Retail presence close to our manufacturing facilities in Western Canada, where we can optimize freight and handling, and in the U.S. Corn Belt, where we are under-represented in a key growing region. We remain committed to the strategy of growing our Retail business through multiple growth levers, including acquisitions, where we have a full pipeline of opportunities."

About Agrium
Agrium Inc. is a major global producer and distributor of agricultural products, services and solutions. Agrium produces nitrogen, potash and phosphate fertilizers, with a combined wholesale nutrient capacity of over nine million tonnes and with significant competitive advantages across our product lines. We supply key products and services directly to growers, including crop nutrients, crop protection, seed, as well as agronomic and application services, thereby helping growers to meet the ever growing global demand for food and fibre. Agrium retail-distribution has an unmatched network of over 1,400 facilities and over 3,800 crop consultants who provide advice and products to our grower customers to help them increase their yields and returns on hundreds of different crops. 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. Agrium is focused on driving operational excellence across our businesses, pursuing value-enhancing growth opportunities and returning capital to shareholders. For more information visit: www.agrium.com

Contact Information

  • FOR FURTHER INFORMATION:

    Investor/Media Relations:
    Richard Downey
    Vice President, Investor & Corporate Relations
    (403) 225-7357

    Todd Coakwell
    Director, Investor Relations
    (403) 225-7437

    Louis Brown
    Analyst, Investor Relations
    (403) 225-7761

    www.agrium.com