Brandt Acquires Monterey AgResources
Brandt Consolidated has acquired Fresno, CA-based Monterey AgResources. The agreement expands Brandt's product base and geographic coverage, and enhances its customer service.
December 18, 2009
Brandt Consolidated, Inc., Springfield, IL, has acquired Monterey AgResources, headquartered in Fresno, CA. The agreement expands Brandt's product base and geographic coverage, and enhances its ability to provide excellent customer service.
The acquisition of Monterey AgResources fits Brandt's aggressive corporate strategy providing superior representation, production and warehousing for customers throughout North America and around the world.
"The acquisition of Monterey AgResources exemplifies the Brandt vision of growth, success and control," says Rick Brandt, the company's president and CEO. "Monterey's superior personnel, product portfolio and trade areas are a great compliment to Brandt. We are a family company in that all employees and their families are part of the equation and we welcome the families of Monterey to our team. The energy of this acquisition is resounding and we are excited to move forward."
"Our two companies have had a 20 year relationship," says Bill Engel, executive vice president of Brandt. "It is extremely gratifying to be able to take this relationship to the next level. I believe that a great deal of synergy will be created with this acquisition."
Brandt and Monterey are both industry leading companies that formulate, package, and market specialty products and chemicals for all agriculture systems. In addition, they offer a broad range of products for the greenhouse, ornamental, turf, home and garden, aquaculture, and feed markets.
"We are pleased to have a company with the reputation of Brandt acquiring our company," says John Salmonson, president of Monterey AgResources. "Brandt's culture and philosophy of doing business are very similar to ours and this should make a seamless transition for our suppliers, customers, and personnel."
Salmonson and Tom Thomson, vice president, will continue to operate the company under the new agreement with Brandt and will retain a minority share in the company.
Brandt consists of three operating divisions: Specialty Formulations, Retail Agronomy and Dealer Support.