KAS to acquire Agrium’s T&O assets
Koch Agronomic Services, LLC (KAS), an affiliate of Koch Fertilizer, LLC, has agreed to acquire the turf and ornamental (T&O) assets, brands and product technologies of Agrium Advanced Technologies, a former business unit of Agrium Inc. The T&O business serves the horticulture, turfgrass, specialty agriculture, and consumer lawn and garden segments.
“We believe this acquisition will deliver long-term value for the many customers of innovative fertilizer technologies and will be an excellent addition to our existing portfolio of enhanced efficiency products,” says Tim Sturm, vice president, T&O for KAS.
With this transaction, KAS will acquire production facilities in Sylacauga, Ala., and global intellectual property rights related to Polyon, Duration, XCU, Nutralene and Nitorform brands of slow-release and controlled-release fertilizers.
Pending regulatory approvals, the transaction is expected to close at the end of the second quarter of 2014. Terms of the agreement were not disclosed by KAS.