May 9, 2014
Koch Agronomic Services, LLC (KAS), an affiliate of Koch Fertilizer, LLC, has agreed to acquire the Turf and Ornamental (T&O) assets, brands and product technologies of Agrium Advanced Technologies, a former business unit of Agrium Inc. The T&O business serves the horticulture, turfgrass, consumer lawn and garden, and specialty agriculture segments.
“We believe this acquisition will deliver long-term value for the many customers of innovative fertilizer technologies and will be an excellent addition to our existing portfolio of enhanced efficiency products,” said Tim Sturm, vice president, turf and ornamental for KAS.
With this transaction, KAS will acquire production facilities in Sylacauga, Ala., and global intellectual property rights related to POLYON®, DURATION®, XCU®, NUTRALENE® and NITROFORM® brands of slowrelease and controlled-release fertilizers.
Pending regulatory approvals, the transaction is expected to close at the end of the second quarter of 2014. Terms of the agreement were not disclosed by KAS.
KAS is a global manufacturer and marketer of enhanced efficiency fertilizers, including a full range of nitrogen stabilizer and slow-release nitrogen products for crop and turf applications. KAS’ existing T&O products include UMAXX® and UFLEXX™ stabilized nitrogen fertilizers, and HYDREXX® nitrogen stabilizer.