Agrium Completes Sale of Turf and Ornamental Business to Koch
OREANDA-NEWS. July 10, 2014. Agrium Inc. (TSX and NYSE: AGU) announced that it has successfully completed the divestiture of its Turf and Ornamental business to Koch Agronomic Services, LLC, an affiliate of Koch Fertilizer, LLC, for approximately USD 94-million.
“We are pleased to have completed this important step in our ongoing portfolio review process as we work to deliver further shareholder value,” commented Chuck Magro, Agrium’s President and CEO.
Agrium Inc. is a major global crop input Retail supplier of agricultural products and services in North America, South America and Australia and a leading global Wholesale producer and marketer of all three major agricultural nutrients and the premier supplier of specialty fertilizers in North America. Agrium’s strategy is to provide the crop inputs and services needed to feed a growing world. We focus on maximizing shareholder returns by driving continuous improvements to our base businesses, pursuing value-added growth opportunities across the crop input value chain and returning capital to shareholders.