Agrium Inc. has expanded retail operations in Texas and New Mexico with the acquisition of 24 retail outlets from Agriliance. The retail outlets include 18 farm centers and 6 satellites.
The company expects the retail outlets to have annual crop input revenues of approximately $150 million. The company believes that the acquisition will be immediately accretive to earnings.
Mike Wilson, Agrium president and CEO, says, "This acquisition of retail outlets by no means signals that Agrium has lost any of its focus on acquiring CF Industries Holdings Inc. We remain committed to the proposed combination with CF, as well as growing all of the company’s business units through expansion of existing operations and acquisitions."