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

InsecticidesNew Research Study Shows The Value Of Neonics
October 29, 2014
The study evaluated seed treatment, soil and foliar uses of neonicotinoid insecticides in the U.S. and Canada. Read More
Crop InputsPlatform Specialty Products To Acquire Arysta LifeScience
October 20, 2014
Once the acquisition is complete, Platform Specialty Products will combine Arysta LifeScience with previously acquired companies Agriphar and Chemtura Crop Solutions. Read More
Seed/BiotechMonsanto Offers New Support For Ferguson, Area Communities
October 8, 2014
Monsanto Co. has committed $1 million in new support for several collaborative efforts in Ferguson, MO, and surrounding communities in North St. Louis County. Read More
Seed/BiotechUnapproved Genetically Modified Wheat Found In Montana
October 3, 2014
USDA reports that one year after discovery of Monsanto's unapproved wheat in a single Oregon field disrupted U.S. wheat export sales, the GMO wheat has again been found in Montana. Read More
Equipment2014 Product Of The Year Voting
September 19, 2014
The deadline to vote for the 2014 CropLife IRON Product of the Year is October 31. Please cast your vote today to help us determine the winner. Read More
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

Latest News

StewardshipTFI Recognizes Michigan, Maryland Farms For 4R Stewards…
October 31, 2014
As farming practices increasingly attract interest from the general public, two farmers are ensuring they meet public approval. Read More
Eric SfiligojBig Brother Is Already Watching
October 31, 2014
Opponents to UAVs seem to think they could be used to spy on other people. But spying is already taking place, through the Internet. Read More
StewardshipAsmark Institute’s New Training Center Focused On…
October 31, 2014
The newly dedicated Ford B. West Center for Responsible Agriculture will be used as a national training and education center for professionals in the ag input industry. Read More
StewardshipCTIC Tour Dives Deep Into Everglades
October 31, 2014
The most recent Conservation In Action Tour (CTIC) hit South Florida recently to tour the Everglades Agricultural Area. Read More
StewardshipResponsibleAg Begins Auditor Training
October 31, 2014
ResponsibleAg auditor training is now underway at the Ford B. West Center for Responsible Agriculture in Owensboro, KY. Read More
CropLife 100ValueAct Buys Stake In Fertilizer Dealer Agrium
October 30, 2014
ValueAct has bought 8.2 million shares in Calgary, Alberta-based Agrium, making them the second largest investor in the fertilizer dealer. Read More
InsecticidesNew Research Study Shows The Value Of Neonics
October 29, 2014
The study evaluated seed treatment, soil and foliar uses of neonicotinoid insecticides in the U.S. and Canada. Read More
StewardshipUSDA To Provide $4 Million For Honey Bee Habitat
October 29, 2014
Agriculture Secretary Tom Vilsack announced today that more than $4 million in technical and financial assistance will be provided to Read More
Crop InputsValent Launches New Low VOC ProGibb LV Plus Plant Growt…
October 29, 2014
ProGibb LV Plus PGR is a high-potency, liquid gibberellic acid formulation designed to comply with California’s new air quality standards for high volatile organic compound agricultural products. Read More
Crop InputsBayer CropScience Acquires Certain DuPont Crop Protecti…
October 29, 2014
Bayer CropScience and DuPont Crop Protection have signed an agreement for Bayer to purchase certain DuPont Crop Protection Land Management assets in the U.S., Canada, Mexico, Australia and New Zealand. Read More
ManagementWest Central Names New President
October 29, 2014
West Central’s board of directors have announced their unanimous decision to name Milan Kucerak President and CEO-elect following Jeff Stroburg’s retirement at the end of the fiscal year. Read More
InsecticidesValent U.S.A., MGK Form Marketing Agreement
October 24, 2014
Valent has formed an agreement with Minneapolis-based MGK to manage the marketing and sales of MGK’s crop protection line of insect control products within the U.S. beginning April 1, 2015. Read More
StewardshipFlorida’s 4R Advocate Keeps Improving
October 24, 2014
Florida farmer Alan Jones uses the 4R principles of nutrient stewardship as the core of his fertility program, which allows him to maximize production and keep costs in check. Read More
Seed/BiotechMonsanto Named One Of The World’s Best Multinational …
October 23, 2014
Monsanto ranked No. 8 in the world’s largest annual study of workplace excellence that identifies the top 25 best multinational companies in terms of workplace culture. Read More
Crop InputsArysta Hires Former Agri-Chem, CPS Employee For Delta S…
October 23, 2014
New Territory Sales Manager Mark Peel’s primary role will focus on working with growers regarding fungicides in Louisiana, Mississippi, Arkansas and Tennessee. Read More
CropLife 100GROWMARK Announces Appointments In Plant Food Division
October 22, 2014
GROWMARK, Inc. has announced the three key staff changes in its Plant Food Division. Read More
CropLife 100GROWMARK Appoints New VP Of Finance And Risk Management
October 22, 2014
Wade Mittelstadt has been named GROWMARK Vice President, Financial and Risk Mangement, effective December 1, 2014. Read More
FungicidesEPA Approves BASF In-Furrow Corn Fungicide
October 22, 2014
Field trials show Xanthion In-furrow fungicide provides more rapid emergence, extended residual control and improved seedling health than untreated crops. Read More