M&A Deal Summary

Agrium Acquires Cargill - U.S. Ag-Retail Business

On July 6, 2016, Agrium acquired retailer Cargill - U.S. Ag-Retail Business from Crop Production Services and Cargill

Acquisition Highlights
  • This is Agrium’s 4th transaction in the Retail sector.
  • This is Agrium’s 5th transaction in the United States.

M&A Deal Summary

Date 2016-07-06
Target Cargill - U.S. Ag-Retail Business
Sector Retail
Buyer(s) Agrium
Sellers(s) Crop Production Services
Cargill
Deal Type Divestiture

Target

Cargill - U.S. Ag-Retail Business

United States
Cargill - U.S. Ag-Retail Business comprises of18 Ag-retail locations with annual revenues of over $150-million. The outlets are located across the northern U.S. Corn-Belt region, in the states of Nebraska, South Dakota, Minnesota, Wisconsin, Michigan and Indiana.

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Buyer(S) 1

Buyer

Agrium

Calgary, Alberta, Canada

Category Company
Founded 1931
Sector Agriculture
Employees15,200
Revenue 14.8B USD (2015)
DESCRIPTION

Agrium Inc. is a major Retail supplier of agricultural products and services in North and South America, a leading global Wholesale producer and marketer of all three major agricultural nutrients.


DEAL STATS #
Overall 7 of 8
Sector (Retail) 4 of 4
Type (Divestiture) 3 of 4
Country (United States) 5 of 5
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-09 Agrium - Turf and Ornamental Business

United States

Agrium - Turf and Ornamental Business provides slow and controlled release fertilizers to turf and horticulture markets across the United States and Canada.

Sell $85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-13 Starpharma Holdings - Agrochemicals Business

Abbotsford, Australia

Starpharma Holdings Ltd. - Agrochemicals Business is comprised of key patents and technical know-how as well as a small number of staff dedicated solely to Priostar® dendrimers and agrochemicals operations. This business is independent of Starpharma’s DEP® and VivaGel® products and related intellectual property portfolios.

Buy AU$35M

Seller(S) 2

SELLER

Crop Production Services

Loveland, Colorado, United States

Category Company
Founded 1983
Sector Retail
DESCRIPTION

Crop Production Services is a preferred distributor of the full range of crop protection products required by Crop customers for efficient production of all major farm commodities in the United States.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-20 Michlig AgriCenter Fuel division

Manlius, Illinois, United States

Buy -
SELLER

Cargill

Wayzata, Minnesota, United States

Category Company
Founded 1865
Sector Agriculture
Employees142,000
Revenue 136.6B USD (2012)
DESCRIPTION
Cargill's corporate headquarters in Wayzata, Minnesota.
Cargill's corporate headquarters in Wayzata, Minnesota.

Cargill is a global company involved in the food, agriculture, financial, and industrial sectors. Its operations include the trading, processing, and distribution of agricultural commodities; production of meat, poultry, and other food products for both retail and foodservice markets; and the provision of essential industrial products like salt and bio-industrial materials. Cargill was formed in 1865 and is based in Wayzata, Minnesota.


DEAL STATS #
Overall 13 of 22
Sector (Retail) 1 of 1
Type (Divestiture) 9 of 18
Country (United States) 10 of 15
Year (2016) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 Five Star Custom Foods

Fort Worth, Texas, United States

Five Star Custom Foods Ltd. specializes in cooked protein products and custom prepared soups and sauces for the foodservice and food processing sectors. Five Star Custom Foods was formed in 1999 and is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-08 Cargill - Beef Cattle Feed Yards

United States

Cargill - Beef Cattle Feed Yards comprises cattle feed yards. The asset is located in the United States. Cargill’s Texas cattle feed yards aligns with the company’s evolving protein business strategy which emphasizes growth fueled by being the supplier of choice for customers and by providing them with superior products and services.

Sell -