| Ag giant Cargill to sell 18 retail locations to Agrium | |
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WAYZATA, Minn. (AP) -- Agribusiness giant Cargill Inc. is selling 18 retail crop input dealers to Canadian-based crop production services company Agrium Inc.
The companies said in a statement Wednesday that the locations have annual revenues of over $150 million. The outlets are in Nebraska, South Dakota, Minnesota, Wisconsin, Michigan and Indiana. The sale does not involve Cargill's Canadian crop input retail business.
Agrium president and CEO Chuck Magro said the retail locations are in areas of the Corn Belt where his company has a limited presence. Agrium's retail distribution network has over 1,400 facilities selling fertilizers, herbicides, insecticides, fungicides, seeds and services.
The group leader of Cargill's North American agricultural supply chain, Roger Watchorn, said that privately held Cargill will focus on being the world's leading merchant of grain and oilseeds.
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Agrium Inc.
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CODE : AGU.TO |
ISIN : CA0089161081 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Agrium Inc. is a producing company based in Canada. Agrium Inc. is listed in Canada and in United States of America. Its market capitalisation is CA$ 20.0 billions as of today (US$ 15.9 billions, € 13.3 billions). Its stock quote reached its lowest recent point on December 29, 2000 at CA$ 10.00, and its highest recent level on December 29, 2017 at CA$ 144.58. Agrium Inc. has 138 175 400 shares outstanding. |