WICHITA, Kan. – 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 slow-release 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.
Koch Agronomic Services
Koch Agronomic Services, LLC and its affiliates produce and market a proven and expanding global portfolio of plant performance technologies for agriculture producers and turf and ornamental professionals. With a commitment to creating real, sustainable, long-term value for customers and society, Koch Agronomic Services, LLC focuses on developing customer-driven solutions to maximize plant performance and minimize environmental impact. Koch Agronomic Services, LLC is a subsidiary of Koch Ag & Energy Solutions, LLC. www.kochagronomicservices.com.