Agrium acquires Dupont’s business for Argentina market

Agrium Inc. announced the completion of the acquisition of 24 retail farm centers in Argentina from DuPont Crop Protection, as well as its world-class crop protection formulation facility in Casilda, Argentina on Tuesday.

Annual expected revenue from the retail farm centers is about $57 million. The Casilda formulation facility provides a versatile range of herbicides, insecticides, and fungicides for the Argentina market, as well as toll manufacturing for third party companies.

This brings the total number of Agriums retail farm centers in South America under the Agroservicios Pampeanos (ASP) name to 56 outlets.

"This acquisition is a great strategic growth opportunity for Agrium," said Mike Wilson, Agrium President and CEO. "Not only will it solidify our current retail presence in Argentina, it will also strengthen existing strategic partnerships and allow us to better meet the needs of the local growers.

"This acquisition brings further diversity to our South American portfolio and is expected to allow for the expansion of our Loveland crop protection products into other South American countries. This is one more step toward reaching our growth targets for Retail, and we will continue to cultivate opportunities to acquire attractive acquisitions in key markets."