Lange-Stegmann Sells Bagged Business
January 27, 2009 In a move that will clear the way for the expansion of its bulk “clean urea” business, Lange-Stegmann has agreed to sell its bagged, blended nitrogen, phosphorus, and potassium (NPK) fertilizer business to T&N, Inc. of Foristell, MO.
Mike Stegmann, Lange-Stegmann president, says the bagged blend fertilizer business was a very small part of the business. The sale will allow the Lange-Stegmann and its wholly owned subsidiary, AGROTAIN International, to focus on bagging only urea-based nitrogen fertilizers. For T&N, the purchase represents a significant expansion of their blended business.
“Although our company started with bagged fertilizers, we’ve grown to the point where it now makes more sense for us to focus completely on our bulk and stabilized nitrogen products,” explained Stegmann. “So we decided to sell the business to our long-time customer, T&N, Inc., and we know it will serve their company well. For us, the focus on bagged urea and our departure from the blend business is going to be a major step forward. In terms of quality, efficiency, and service, we’ll better serve our growing list of customers demanding ultra-clean bagged urea and our totally soluble stabilized nitrogen fertilizers such as SUPERU, UFLEXX, and UMAXX.”
Last September, Lange-Stegmann and AGROTAIN International launched a new state of the art Stabilized Nitrogen Center and St. Louis Urea Center, a combined investment of $20 million. The new facilities represent the first phase-modifying urea manufacturing plant and the first inland urea import terminal in the U.S.
(Source: AgriMarketing)
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