Agrium To Acquire Micronutrients Company

Agrium Inc. has reached a binding agreement on the purchase of International Mineral Technologies (“Tetra Micronutrients”).

Tetra Micronutrients is located in Fairbury, NE, and specializes in the production, marketing and distribution of custom liquid plant nutrition and dry micronutrient products, predominantly zinc sulphate.

Total annual revenues are over $60-million, $24 million in liquid nutrient sales and about $40 million in dry products.

Agrium will integrate this business into its Agrium Advanced Technologies (AAT) and Loveland Products proprietary brand businesses. AAT will operate and market product from the dry granular production facility, as well as marketing liquid plant nutrition products to third party customers. Loveland Products will operate the liquid facility and market these liquid plant nutrition products to Agrium Retail customers.

The acquisition was made at a multiple similar to other recent retail acquisitions in North America, with a pre-synergy EV/EBITDA multiple of approximately 5.

“The acquisition of Tetra Micronutrients is another example of a strong strategic fit within our existing Retail and Advanced Technologies businesses that will strengthen our product lines for the benefit of our customers, while offering significant synergy potential,” said Agrium’s President and CEO, Mike Wilson.

The transaction is expected to close by mid-July 2011.

Leave a Reply

One comment on “Agrium To Acquire Micronutrients Company

  1. Dear Sirs, If you have any inquire, please free contact us, we will send you the best prices and services. http://www.chemfert.net 
 We manufacture Micronutrients,Trace element, chelated minerals fertilizer, micro fertilizer, feed additives,Compound Micronutrients,Maximum Nutrition,growing fertilizer, Zn,Mn,Fe,Co,Mo,Cu,Ca… used directly mixture NPK fertilizer, or as fertilizer. our products have being enjoyed in Europe, UAS and Australia.The products are applied cropper, green Lawn, Fruit, vegetable, Golf Lawn, Tree and Animal feeds. Our Micro-nutrients are made to precise specifications and not to minimum specifications; a guarantee that provides peace of mind to the user.We produce the product as per different customer's request and specifications.Micromix produces a wide and varied range of micronutrient formulations that are tailored to suit any combination of deficiency, climate, soil, crop, mix-ability and commercial considerations Zn:3% Mn:6% Cu:3% Fe:12% MgO:0.5% S:5% size 2-4mm or1-3mm granular Zn:8% Cu:8% Mn:4% S:5% size 2-4mm granular Zn:20% Cu:2% Mn:2% S:5% size 2-4mm granular Zn:4% Cu:1% Mn:15% B: 0.5% S:5% size 2-4mm granular Zn:15% Cu:15% S:5% size 2-4mm granular Zn:4% Mn:20% B:2% S:5% size 2-4mm granular Zn:2% Cu:1% Mn:2% B:0.5% Ca: 5% Fe:8% Mo: 0.05% S:5% size 1-2mm or 2-4mm granular Zn:4% Cu:1% Mn:3% B:1% Ca:10% S:5% size 1-2mm or 2-4mm granular Zn:10% Cu:.05% Mn:2% B:0.5% Mo: 0.05% S:5% size 1-2mm or 2-4mm granular Zn: 5% Cu:2.5% Mn:6% B:2.5% Fe:14.5% Mo: 0.05% S:5% size 1-2mm or 2-4mm granular Zn: 0.5% Cu:0.5% Mn:5% Ca: 1% Fe:15% Mg:2% S:15% size 1-2mm or 2-4mm granular Zn:2% Cu:1% Mn:8% B:1% Ca: 8% Fe:8% Mo: 0.05% S:5% size 1-2mm or 2-4mm granular Coblat Granular Co: 10%min size: 2-4mm granular Iron oxysulphate Fe:25% / Fe:40%/50% size 2-4mm granular Zinc Oxysulphate Zn:10% 15% 20% 30% Size: 2-4mm granular Copper Oxysulphate Cu:10%/15%20%/25%/ size: 2-4mm granular Manganese OxySulphate Mn:30%/40% size: 2-4mm granular Products Fertilizer Compound Micronutrients Minerals Trace element Zinc (Zn) Iron (Fe) Zinc Sulphate Monohydrate Zinc Oxide Zinc Sulphate Heptahydrate Zinc Oxy sulphate Zinc Copper Boron Fertilizer Ferrous Sulphate Monohydrate Ferrous Sulphate Heptahydrate Iron Oxide Ferrous Carbonate Iron OxySulphate Manganese (Mn)Copper (Cu) Manganese Sulphate Monohydrate Manganese Oxide Manganese Oxy sulphate Manganese CarbonateCopper Sulphate pentahydrate Copper Oxide Copper Oxysulphate Cobalt (Co)Magnesium (Mg) Cobalt Sulphate heptahydrate Cobalt Sulphate Monohydrate Cobalt Carbonate Cobalt Granular 10%Magnesium Sulphate heptahydrate Magnesium Sulphate Monohydrate Magnesium Oxide Magnesium Oxy Sulphate Calcium (Ca)Molybdenum (Mo) Calcium Sulphate Calcium Carbonate Calcium IodateSodium Molybdate Sodium Selenite Sodium Metabisulphite Changheng chemicals fertilizer Ltd Add:1299# deya Road, Changsha, Hunan, China Tel: 0086 731 4442126 4826311 Fax: 0086 731 4827251 Email: Jiangchem@163.com Jiangchem@hotmail.com Website: http://www.chemfert.net

Micronutrients Stories

MicronutrientsMicronutrients Going Macro
September 9, 2014
Between 2014’s fantastic growing conditions and a heightened awareness on plant nutrition, the major players in micronutrients are gearing up for another big year. Read More
MicronutrientsReport: Demand For Zinc As Micronutrient In Agriculture Grows
May 12, 2014
Zinc is becoming more important to increasing crop yields as global population and food consumption continue to rise. Read More
Sulfur Deficiency In Corn
Micronutrients3 Key Questions For Sulfur Application
February 3, 2014
Match sulfur supply to corn crop’s needs to maximize yields and fertilizer dollars. Read More
Micronutrients11 Tips For Effective Fall Application Of Gypsum
September 26, 2013
Spreading gypsum – which often occurs in late fall, after harvest – is simple if you follow these basic steps from GYPSOIL. Read More

Trending Articles

FertilizerFall Fertility 2014: Forecasting Fertilizer Use
September 7, 2014
Great crops this year have tapped the soil, and fall work is definitely called for, but how challenging will that get? Read More
CropLife 100CHS To Build $3 Billion Fertilizer Plant In North Dakota
September 5, 2014
The fertilizer plant in Spiritwood will be the single largest investment in CHS history, as well as the single largest private investment project ever undertaken in North Dakota. Read More
EquipmentNew Holland Acquires Miller-St. Nazianz
September 3, 2014
The assets of Miller acquired as part of the transaction will become part of New Holland Agriculture, a CNH Industrial brand, building on a successful four-year partnership between the two companies. Read More
CropLife 100Pinnacle Acquires East Kansas Chemical
September 2, 2014
Ranked 82nd on the CropLife 100, East Kansas Chemical will operate as part of Pinnacle's Performance Agriculture brand. Read More
MAGIE 2014 ShowStopper
EquipmentJohn Deere Again Wins MAGIE ShowStopper Award
August 25, 2014
For the second consecutive year, John Deere was honored at the Midwest AG Industries Exposition (MAGIE) for its new R4045 sprayer. Read More
ManagementExpert To Discuss Farmland Value, Rent At Farm Science Review
August 18, 2014
While cropland values in Ohio increased in the past two years, they have remained flat in 2014, declining in some cases, according to an Ohio State University agricultural economist. Read More

Latest News

Equipment2014 Product Of The Year Voting
September 19, 2014
Many new products were introduced to the ag retail marketplace this year. From this group, CropLife IRON and its consulting partners have selected five finalists for the Product of the Year award. Please cast your vote today to help us determine the winner. Read More
Equipment2014 Farm Science Review Crowd Tops 2013 Show
September 19, 2014
The 52nd annual Ohio State University Farm Science Review welcomed more than 130,000 farmers, industry professionals, FFA students and agricultural enthusiasts during the three-day event. Read More
Seed/BiotechUSDA Approves Enlist Following Rigorous Review
September 18, 2014
Dow AgroSciences now awaits EPA registration of Enlist Duo herbicide, the companion herbicide to the Enlist traits, which is expected in the near future. Read More
BlendersYargus Appoints New Plant Manager
September 18, 2014
Steve Shaffer will direct and coordinate daily operations at the company’s Marshall, IL, manufacturing plant, where the Layco line of material handling equipment is produced. Read More
CropLife 100Pinnacle Acquires Kansas-Based Cedar Ridge Supply
September 16, 2014
Cedar Ridge Supply will operate as part of Pinnacle's Performance Agriculture brand. Read More
StewardshipSecretary Vilsack Highlights Innovative Conservation Ef…
September 15, 2014
Nearly $16 million in Conservation Innovation Grants (CIGs) will be awarded to 47 organizations to help develop cutting-edge ideas to accelerate innovation in private lands conservation. Read More
Seed/BiotechSyngenta Responds To Cargill Lawsuit
September 15, 2014
Syngenta believes that the lawsuit is without merit and strongly upholds the right of growers to have access to approved new technologies. Read More
Equipment2014 Farm Science Review Launches Mobile App
September 15, 2014
Smartphone and tablet users planning on attending the 2014 Farm Science Review can now download this year’s customized mobile application. Read More
CropLife 100Southern States Coop Grower Sets Georgia Soybean Yield …
September 15, 2014
Georgia farmer Randy Dowdy's soybeans yielded an astonishing 110.66 bushels per acre, crushing the previous record of 82 bushels-per-acre. Read More
NIMITZ Treated vs Untreated pepper plant
InsecticidesNIMITZ Nematicide Approved By EPA
September 12, 2014
NIMITZ is a novel, non-fumigant nematicide with simplified application features, user safety and an active ingredient with a unique mode of action. Read More
InsecticidesMarrone Bio Innovations Receives Patent For Chromobacte…
September 11, 2014
The patent is the first step for MBI in developing a commercially viable product to inhibit infestations of corn rootworm larvae across America and other regions. Read More
HerbicidesDow AgroSciences: Keeping The Pipeline Stocked
September 11, 2014
Dow AgroSciences is embracing product diversity to drive the company’s future. Read More
CropLife 100CHS Is Official Partner Of New St. Paul Ballpark
September 10, 2014
The new ballpark in St. Paul, MN, officially became CHS Field with Twin Cities-based CHS Inc. revealed as the naming rights partner. Read More
EquipmentHagie Honors Farming Stewardship Leaders
September 10, 2014
The Iowa Farm Environmental Leader award recognizes Iowa farmers as environmental leaders that are committed to healthy soils and improved water quality. Read More
Precision AgPlantBeat: Your Plants’ Pulse In The Palm Of Your Han…
September 10, 2014
A new agronomic monitoring and recommendation service from Phytech could rewrite the book on real-time plant health status monitoring. Read More
StewardshipCCAs Making Headway With 4R Program In Lake Erie Wester…
September 9, 2014
Certified Crop Advisers are implementing the 4R Nutrient Stewardship Certification program in Lake Erie's Western Basin to improve water quality. Read More
MicronutrientsMicronutrients Going Macro
September 9, 2014
Between 2014’s fantastic growing conditions and a heightened awareness on plant nutrition, the major players in micronutrients are gearing up for another big year. Read More
Crop InputsFMC Announces Cheminova Takeover
September 8, 2014
FMC Corporation today announced that it has signed a definitive agreement to acquire Cheminova, a wholly owned subsidiary of Auriga Industries. Read More